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 believe an ETF is an appropriate and fair mechanism by which to invest in Bitcoin assets. An ETF provide true market-value trading, with lower fees as compared to the current Grayscale Bitcoin Trust (GBTC). As a long-term investor I rely upon alternative assets such as precious metals and Bitcoin to help hedge my portfolio. I believe Bitcoin has now achieved acceptance as an asset, with high trading values, across a broad international market. It is an asset in which investors, both large and small, rely upon as part of an investment portfolio, and its risks are well understood, as is its value. I ask that you approve the Grayscale Bitcoin ETF. Very Sincerely Yours, Scott Cronk Mountain Center, CA