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. I currently reside in NM and I have been investing for over 20 years. I own stocks and crypto currency. Europe and Canada already have a BTC spot price product. Usually, the United States leads in technology and financial innovation. There would definitely be a large demand for a BTC spot price ETF here. I think it is odd to have a futures BTC product and no spot price product. I do believe that at least BTC and ETH should be made more available to investors as an alternate asset class. The only countries to actually be anti-crypto are predominantly authoritarian regimes. I do believe that the US should seek to maintain its leadership position globally, regarding technology and finance. Therefore, we should also have a spot price ETF for BTC. Regards, Craig Ernst