Mar. 29, 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 futures etf is very risky for the average investor and creates additional volatility in the market. Approving a spot etf would allow average investors a safer alternative to investing in Bitcoin derivatives or even directly purchasing BTC off exchange. It will allow more conservative investors to feel like they can safely invest in crypto currency. This would be a net positive for not only the investor but for the whole nation: expansion of investment in the crypto space = more jobs and capital for the economy! Sincerely, *** Samantha Caswell ***