Jun. 08, 2022
Dear SEC, I am a physician in Atlanta, Georgia, and I am in favor of approving the Form 19b-4 that NYSE Arca filed with you to convert Grayscale Bitcoin Trust (OTCQX: GBTC) – the world’s largest publicly traded crypto asset fund, with approximately $30 billion in AUM, hundreds of millions in daily trading volume, more than 850,000 investors, holding approximately 3.4% of all Bitcoins outstanding – into a Bitcoin Spot ETF. Adding a spot ETF will enable ALL investors, not just accredited investors, access to a well-tracked bitcoin position in the US equities market. As it stands, US investors need to buy spot ETFs in other jurisdictions (eg Canada). A spot ETF, as you know, will better correlate with the underlying asset price than a futures ETF. The US should set a better example to the rest of the world. Sincerely, Richard Lassiter, MD