Mar. 31, 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'm a current Florida resident and believe it is absolutely essential for US investors to have access to a low-cost Bitcoin Spot ETF, versus the current SEC-approved product offerings on public markets. The SEC is NOT protecting retail or any other type of investors outside of Wall Street by delaying the approval of GBTC conversion to a spot ETF. If I can invest in products such as 3x leverage VIX like ticker symbol UVXY, retail investors should also be able to invest in highly liquid and deep markets such as Bitcoin. Please do the right thing and approve GBTC to convert to an ETF now. Sincerely, Jesse Krell