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. I am an experienced investor that has invested a sizable amount of my retirement IRA account into GBTC, which at the time was trading slightly above the spot price or Bitcoin. Today my retirement account has suffered as a result of the discount places on GBTC, with no end in sight. If it’s true that the U. S. Securities and Exchange Commission (SEC) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation, then you’re doing a terrible job at protecting investors that have been locked into GBTC as a result of the discount that it’s suffered and not approving it as a spot ETF. Sincerely, Jason Gould