Mar. 28, 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. This looks to be blocked for no valid reasoning. By not converting to spot I have been forced to buy a trust and pay a big premium and now its trading at a huge deficit. My returns should be 60% higher than they are. This is not just incompetence anymore, its downright unamerican. I live in Pennsylvania and we demand a spot ETF! Grayscale is the only logical player for this SPOT ETF, due to their gigantic holdings of BTC. Sincerely, Josh Pagano