Feb. 22, 2022
Dear SEC, I wanted to offer my support of allowing GBTC to be converted to an ETF and listed on the NYSE. If the SEC were to approve this conversion, it would allow GBTC to more efficiently track the price of Bitcoin, effectively eliminating premiums and discounts. And Grayscale would reduce management fees for GBTC. I believe that bitcoin is a permanent part of the financial landscape and will ultimately have widespread adoption. I hope the SEC will see it's way to support Grayscale's approval request. Sincerely, Jim McBride Houston, Texas