Feb. 26, 2022
Dear SEC, I’m a holder of GBTC, which, as you may be aware, trades at a significant discount to asset nav in its current form. 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. This should reduce the discount to nav and allow GBTC to track Bitcoin prices more accurately. In general, allowing crypto investment vehicles provides a simple mechanism for an investor such as me to hold a small passive allocation in an SEC registered product. I’d much rather that than direct ownership in a crypto wallet. I’m a resident of NJ. Sincerely, Ian Hawkins