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 Italian, but still think your approval on this is key for the crypto industry. My main belief is that anyone should be able to go and invest in whatever they think is best for them. Approving a BTC spot ETF does not mean forcing everyone to be subject to BTC’s volatility. It means that whoever wants to, is able to go ahead and do it with no friction. Also, if the problem is that it is risky and volatile, I think a good counterpoint to that is considering the fact that in traditional markets practices like leverage-investing or options are extremely risky, but nonetheless approved. That is because giving the possibility does not equal to force anyone into anything. Hoping you will ponder your choice with an open-mindedly, Sincerely, Giovanni Trivelli