Subject: Support- Grayscale (GBTC) Conversion to ETF
From: Brian Smith
Affiliation:

May. 06, 2022

To: SEC Rules Review 

As a traditional investor, I have an allocation of my capital allocated to Bitcoin, specifically GBTC. I fully support Grayscale conversion to an ETF. 


Give the landscape of investing has changed, I believe an ETF structure should be more transparent to investors. In addition, other markets have opened up ETF like structures as well. 


I believe the US Markets should have the equivalent. 


Thanks for your review. I fully support GBTC conversion to an ETF structure. 


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Brian Smith