Apr. 22, 2022
Dear SEC, I am a 57-year-old husband, father, small business owner and 35 year investor in Tulsa, Oklahoma, USA. I write to you as a GBTC shareholder, in support of the conversion of Grayscale Bitcoin Trust (OTCQX: GBTC) to an ETF. I want to be able to own Bitcoin without the risk of hardware or software issues by taking possession of it. I want to be able to own Bitcoin in an ETF so that it can be a part of my retirement portfolios. The current state of regulation that does not allow this reminds me of the old days when folks actually took stock certificates into their possession, subject to fire or theft. It seems ridiculously backward that there is no bitcoin ETF yet. Please change that. By not approving this conversion, you are not protecting me, the investor – the very person you were appointed to protect. Please approve this conversion of GBTC to an ETF post haste. It’s time, it’s past time. It’s the right thing to do in order to protect the interest of investors like me. Sincerely, Ted Cavallin Tulsa, OK