May. 06, 2022
To Whom it May Concern, Please convert GBTC to an ETF for the following reasons - 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 GBTC would be uplisted from OTCQX to the NYSE Arca