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. Bitcoin and other crypto assets are in fact a imbedded component of todays modern financial system and will ultimate improve execution and access to financial products through their further development. You have previously approved ETF products for FAR less liquid assets, including highly risky leveraged loans. There is zero logic for not approving a spot Bitcoin ETF. This will facilitate access to crypto assets in a far safer and more secure manner than many of the obscure exchanges and untested wallets. Do the right thing. Sincerely, Josh Biller Florida Multi-billion dollar fixed income asset manager