Mar. 19, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. If you’re really looking out for the small investor, a spot etf backed by the underlying asset makes sense. Much more sense than a bitcoin etf backed by a thinly traded CME futures market. Sincerely, Chris Elsten