Feb. 23, 2022
Dear SEC, I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States. As both an investor and the co-founder of a robo-advisory platform in the United Arab Emirates, we thank you for considering the conversion of GBTC to an ETF. We use it as part of a 5% exposure to bitcoin and the reception has been phenomenal, mainly given the complexity of getting exposure to bitcoin. Sincerely, Mark Chahwan