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. After learning that the teucrium futures ETF was approved by SEC under '33 Act based on CME Bitcoin futures, which are directly influenced by Bitcoin Spot prices, that I fully would expect the SEC to approve the conversion of the Grayscale Bitcoin Fund to a Bitcoin Spot ETF, also filed under the '33 Act. My family has personally invested a significant amount of money in the GBTC fund, and have seen it steadily lose value due to bitcoin premium discount. Why isn't the SEC protecting American investors who should have their investment be equivalent to the actual Spot price of bitcoin? I think that would only be fair. Please approve the application to convert GBTC to a Bitcoin Spot ETF!! Sincerely, Suzanne Miner