Jun. 10, 2022
Dear SEC, I am writing in support of the conversion of Grayscale Bitcoin Trust (Symbol: GBTC) to the first Spot Bitcoin ETF in the United States. The bitcoin network has already proven itself as an excellent store of value and as an viable alternative investment with high returns over the last decade. A GBTC spot ETF can offer the average investor an easy, safe, and cost effective way to invest in this technology. Considering the other, more risky, investments / derivatives that have already been approved, I do not see a legitimate reason for the SEC to not approve. Approval would also lead closer correlation to the underlying asset, which would protect investors. Thanks, Tom McLaughlin (US citizen and current GBTC investor)