Mar. 30, 2022
Dear SEC, I am writing in support of Grayscale Bitcoin Trust's (GBTC) request to convert to a spot bitcoin EFT. There is no credible public interest served in denying this application. As a small, individual investor in GBTC shares, I want the security and familiarity that comes with an ETF structure. I believe the fund's operating costs would be reduced as a spot ETF, benefiting shareholders. And I believe the fund's share prices would be far less volatile than they are currently, due to reduction of the large premiums and discounts to NAV that exist in its current structure. Individual shareholders would benefit from this application. The SEC should approve the application without further delay. Mark Farmer