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 think it’s absurd that we have allowed a futures based product to launch BEFORE a spot product. You aren’t protecting investors by allowing highly leveraged products instead of a simple spot ETF that would allow people in IRA’s to gain regulated access to Bitcoin. I’m writing from Framingham MA. I support a Bitcoin ETF product and I believe Grayscale is the right company to take the lead. Sincerely, John Furr