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. One of the effects of the conversion to an ETF is that it should cause shares to trade in line with NAV by effectively eliminating premiums and discounts, resulting in GBTC more efficiently tracking the price of Bitcoin. Thank you for your consideration in this matter. Sincerely, Clare Anderson