Mar. 21, 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. Bitcoin has become somewhat of a digital gold and reputable alternative asset within our economy. While there is already a bitcoin futures ETF, there is no spot ETF tracking the price of Bitcoin. Allowing for the spot ETF would also allow for more oversight and regulation over crypto investing compared to private platforms where security may be an issue. As a student at Carnegie Mellon University, I am seeing first hand the technological innovation of Bitcoin and other cryptocurrencies, and I personally vouch for GBTC to be transferred to a spot ETF. Sincerely, Jordan Loev