Apr. 22, 2022
Dear SEC, Thankyou for all your work to protect investors. I write to you as a GBTC shareholder, in support of the conversion of Grayscale Bitcoin Trust (OTCQX: GBTC) — the world’s largest publicly-traded cryptocurrency fund — to an ETF. In this particular case, by not approving this conversion, you are not protecting me, the investor. We are all aware of spot ETFs available in other developed countries (U.S. allies) like Canada and Australia. Bitcoin is a well-proven technology and asset, with billions of dollars backing around the world, and represents freedom from oppressive regions for some in the developing world. The U.S. is sorely lagging behind and needs to advanced ETFs for well-proven digital assets, starting with bitcoin. The destruction of value due to discounts on the fund is hurting. I’m writing fromIowa, with gratitude for the opportunity to express my view and with the hope that you will approve this conversion and protect the interest of investors. Sincerely, John Just Public