Apr. 22, 2022
To whom it may concern at the SEC: As an owner of GBTC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, into the first Spot Bitcoin ETF in the United States. As a long-time investor from New Mexico, I am disadvantaged regarding access to Bitcoin and other cryptos and I would like to be able to trade (buy, hold, sell) a simple, publicly traded ETF, of which I own many, instead of troubling with new specialized accounts, wallets, and keys, etc. I am thinking that by providing easier access to public investors, that any imbalances in supply and demand spot pricing will more easily work themselves out. Really, why would you prevent a spot bitcoin ETF when you are allowing public access to a bitcoin futures ETF, which in my opinion is much more speculative and harder to value. There is a huge impetus and growing demand for access to a spot bitcoin fund. I hope that you will figure out how to make it happen as soon as possible. Sincerely, Julianne F. Levings