May. 11, 2022
Please allow GBTC to convert into an ETF! Investors want a bitcoin spot ETF. Many of us feel that bitcoin has a place in a portfolio, as a “gold 2.0”, with its fixed supply. Many of us are intrigued by the potential of bitcoin mining to help balance grids and accelerate the build-out of renewable power. And many of us, while eager to invest in bitcoin, are not comfortable buying the underlying asset, for fear of losing it. We prefer to buy it as we buy Apple shares or mutual funds. And we don’t want to buy a bitcoin futures ETF, with strange premiums and discounts. We want a spot ETF! Thank you for reading this, and have a good day. Best, Johan Olivero Creative Director