Apr. 26, 2022
To Whom it May Concern: Please allow this email as my request that the SEC approve the conversion of the Grayscale Bitcoin Trust (GBTC) to and ETF. This company is a highly respected financial services firm running one of the largest if not the largest Bitcoin (BTC) fund in the world. This allows regular investors to gain exposure to cryptocurrencies such as BTC within their traditional brokerage accounts or in tax-deferred investment accounts with relative ease and without the risks associated with taking custody of BTC personally. Currently, the GBTC trades at either a discount or premium relative to the underlying value of their BTC and makes ownership by investors of the fund less predictable than if the fund was managed as an ETF. Additionally, expenses for the proposed ETF are expected to be less under the ETF format as compared to the current trust. Please consider the needs of regular investors trying to gain exposure to cryptocurrencies in a safe and effective manner in your decision. Respectufly, Hart Simpson HartBeat Realty Services