Apr. 21, 2022
***[PLEASE CUSTOMIZE WITH YOUR VIEWS ON THE CONVERSION, INCLUDING WHICH STATE YOU RESIDE IN – THANK YOU FOR YOUR SUPPORT]*** Dear SEC, I am John Bullock from Connecticutt and I am in favor of approving the Form 19b-4 that NYSE Arca filed with you to convert Grayscale Bitcoin Trust (OTCQX: GBTC) – the world’s largest publicly traded crypto asset fund, with approximately $30 billion in AUM, hundreds of millions in daily trading volume, more than 850,000 investors, holding approximately 3.4% of all Bitcoins outstanding – into a Bitcoin Spot ETF. I presently own shares of the Greyscale Bitcoin Trust with my IRA account (and have been invested in this trust for some time). I have seen the trust slip into a deep discount to the spot price and am strongly looking for the SEC to approve the spot Bitcoin ETF so my discount can be recouped in the trust once it converts to a spot Bitcoin ETF. Canada has had a spot Bitcoin ETF for a number of months and the US needs to approve such in order to maintain its place as a leader in innovation. US investors are not idiots and do not need the SEC to protect them while allowing Bitcoin futures ETF’s for Wall Street's benefit This year, GBTC has traded at an approximately 25% discount to its NAV, which means the price of GBTC is less than the price of its underlying assets, Bitcoin. With approximately $30 billion in AUM, that results in approximately $7.5 billion of trapped value from existing U.S. investors. Sincerely, *** [YOUR NAME] ***