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. A spot Bitcoin ETF would allow investors that are not comfortable with the technical mechanics of managing their own private keys to do it for them in a manner that aligns with their publicized methodology for doing so. There are risks with the custodian’s ability to safely manage their own keys as there are risks to providing custody for or issuing any security; however, these risks are no more significant than the risks already associated with a futures ETF, which pegs to the same underlying asset. Stop blocking our country from innovation. Grow up and get with the game or we will lose our spot as the leading country in the world for technological innovation as it relates to domestic capital markets Sincerely, *** [YOUR NAME] ***