Feb. 24, 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. I believe GBTC should be converted into an ETF because the premium/discount on spot price to that share price of GNTC should not exist in excess amounts which an ETF would solve. Canada and other countries have proven spot exchange products like ETF are welcomed by investors and are essential in price discovery. Sincerely, David Juckem