May. 10, 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. It is comical that this hasn’t happen already if your job is to protect the individual consumer. Has us invest in less then efficient ways causes more risk to us as investors to gain exposure to this asset class. Having futures approved ETFs already that settle in spot makes things worse for the individual investor. With Trillion Dollar companies like Fidelity lobbying for an ETF as well, I don’t understand why this has not been approved after all these years. Sincerely, Rich C LoPresti Rich LoPresti, CFP, CWS linkedin