Feb. 22, 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 bought this before all the hedge funds we’re buying this to get exposure to btc when it was trading close to NAV. Now they left and Im bag holding paying a 2% management fee and trading at a 27% discount to the underlying assets. I just want a etf type mgt fee and a 0% nav. Thank you, Norm R