May. 10, 2022
Hi, I'm writing to try to express my concern as to why there has not been an approval for a basic bitcoin ETF product. I'm just an average Jeff investor, who allocates a very small portion of 403b to GBTC because I want a small percentage of my portfolio allocated to a digitally scarce currency. But I don't understand futures products (which have been approved I believe). And I don't even quite understand why GBTC trades at a discount/premium to NAV. It seems logical to give less sophisticated investors a very simple option that simply tracks the BTC price. And my understanding is that is what an approval of an ETF would provide - a simple option for people like me. Thank you for your consideration. Jeff