Apr. 25, 2022
Hi Folks, I would like to request to convert GBTC to an ETF for the following reasons. The ETF would more effectively track the price of Bitcoin, effectively eliminating discounts and premiums. If GBTC shares are trading at a discount to NAV, all else being equal, they will increase in value upon conversion. If GBTC shares are trading at a premium to NAV, all else being equal, they will decrease in value upon conversion. Thanks, Rehan