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. ***I am a 20 year licensed financial advisor and private investor. In a world where we use ETF’s such as GLD and SLV to give clients near spot exposure to certain asset classes, it would be incredibly ideal to give clients and myself the option of a spot Bitcoin ETF, and in this specific case, one with a strong track record in the asset class. Clients would benefit from being able to diversify into this asset category within our already regulated system. It keeps them from trying to do it on their own and going to the fly by apps that are not all built the same. Clients want to invest here for growth opportunities but are still handcuffed to unconventional apps or a futures ETF that does not give the same feel that a spot could/would. Please consider the benefits of such an add, both in how the average American gets Bitcoin exposure and how we can help them do it in the right place/account type, etc. *** Sincerely, *** Matt Robins *** Brentwood, TN Matt Robins