Apr. 26, 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. State of Pennsylvania USA So if it’s the job of SEC to protect investors it seems GBTC should have already been converted to an ETF. By dragging out the process is causing much pain and loss of profits for fund holders. As more country’s around the world approve Spot Bitcoin ETF’s Large institutions and other’s who have the means to invest in them are doing so. At this point GBTC is no long the only game in town. As participation decrease’s GBTC now has a large NEGATIVE INTEREST. This has a crushing affect on individual investors. So if Sec truly wants to protect small investors please act quickly to convert GBTC to ETF. There are also many other positive reasons why GBTC should be converted to an ETF. Gary Lets Do This, Thank you