May. 15, 2022
Dear SEC, 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. By approving this conversion, you will be better protecting me, the investor. Last October, you approved futures-backed Bitcoin ETFs, so please also approve applications for spot Bitcoin ETFs. Given that investors use both vehicles to gain exposure to the same underlying asset, Bitc Thanks B.E Phillips. Fort Worth, Texas