May. 16, 2022
Re: GBTC to convert to an ETF Dear Vanessa Countryman: Please convert GBTC to an ETF in order to lower the volatility of our investments. By forcing GBTC to be a Futures ETF you are working against your citizens, who pay your salaries, by forcing one the few avenues of BTC exposure to be excessively volatile. The Federal Reserve has made enough of a mess of our capital markets without your making matters worse. In this situation (record poor bond performance, stocks down 20%-ish) we need capital diversification and you are actively taking that away from us for no good investment reason. I ask you to stop hurting my portfolio. Why are you working against the stability of my portfolio? Yours, Roxane Googin