Mar. 29, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC) to a Spot Bitcoin ETF in the United States. I am a resident of New Hampshire. I support a spot ETF to provide individual and institutional investors a simple way to invest in BTC without the difficulty of maintaining a BTC wallet. The US SEC's website states, "It is our job to be responsive and innovative in the face of significant market developments and trends." Bitcoin is a significant market development that is not new. It does not seem the SEC has been responsive in providing a transparent way for investors to access Bitcoin which has a market cap of over $800B . Imagine the SEC not providing a simple, easy way for investors to access the shares of a company that size. It would be ridiculous. The time is long past that a spot ETF for Bitcoin be approved and trading on a major US exchange. Sincerely, Tom Zurich