Apr. 22, 2022
Good morning, Bitcoin has been a life changing discovery for myself and my family. We have been able to save hard money for the first time in our lives. This is incorruptible decentralized money that can be moved across time and location. However, the Grayscale Bitcoin Trust is a very easy on-ramp, especially in a Roth IRA. And this trust needs to become an ETF. It should have happened already. Other countries such as Canada are already enjoying the successes of an ETF. The ETF would more effectively track the price of Bitcoin, effectively eliminating discounts and premiums. If GBTC shares are trading at a discount to NAV, all else being equal, they will increase in value upon conversion. If GBTC shares are trading at a premium to NAV, all else being equal, they will decrease in value upon conversion. Grayscale has committed to reducing management fees for GBTC Thank you for listening, Andy Kelly