May. 10, 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 am a retail investor that currently resides in Los Angeles, California. I believe having a bitcoin spot ETF has many advantages, including, but not limited to: -uplifting from OTCQX to the New York Stock Exchange. - The ETF would more efficiently track the price of Bitcoin, effectively eliminating premiums and discounts. - Grayscale would reduce management fees for GBTC. Accepting a bitcoin spot ETF will protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. Sincerely, Narek Khachatrian