Subject: Conversion of GBTC to Spot Bitcoin ETF.
From: Ernst Achildiyev
Affiliation:

May. 11, 2022

To SEC,

It’s paramount to the average American investor to have the option of buying an either Futures-based on a spot-based Bitcoin ETF. In-as-such, please allow the conversion of Grayscale’s Bitcoin Trust into a spot Bitcoin ETF.

Thank you,

Ernst A.