May 6, 2022
To whom it may concern at SEC, I'm writing to you as an investor in GBTC who would very much like for you to approve their conversion to an ETF. I think there is a lot of value in protecting us investors from the premiums (or at this time, discounts) in the price of GBTC shares. Additionally, the US appears to me to be behind the curve in approving this type of investment vehicle in Bitcoin (or other cryptocurrencies), and as a result is losing out on investment dollars from its citizens. I know you have rejected many of these direct ETF proposals in the past, but I hope you will reconsider your position and approve this time. Warmest regards, Raj Agarawal