Apr. 07, 2022
CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. 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. The American people want a spot ETF that tracks the actual price of BTC just like Canada. This is long overdue. Investors take on risk whether in equities, bonds or commodities. The level of risk varies, but it’s still up to the investor to educate themselves and proceed within their risk framework. Bitcoin shouldn’t be viewed any differently within that risk spectrum. However, regulations need to be clarified and customized in order to allow for regulations that don’t stifle access and innovation. Sincerely, Bernard Middleton