May. 17, 2022
Dear SEC, I am a GBTC shareholder. I support the conversion of Grayscale Bitcoin Trust (OTCQX: GBTC) to a spot ETF. By the SEC approving this, they will be protecting me as an investor and other investors in GBTC. I was raised by a single mother, sometimes working up to 3 jobs to provide for her three children. I have worked hard, as other Americans, disciplining myself to save and invest for my future and retirement. I am grateful to have been able to invest into GBTC with a portion of my IRA. Due to GBTC's current discount to NAV of 25% the value of my investment is falling behind the asset it is invested in. I along with other GBTC shareholders are being negatively impacted by the loss of value of our investment. The SEC recently approved futures backed by Bitcoin ETF, but continues to reject applications for spot Bitcoin ETFs. GBTC is the largest publicly traded cryptocurrency fund. Please approve the conversion to protect us, the investors. I am writing from Alaska. I am grateful for the opportunity to express my view with you. I hope you will approve the conversion, protecting the interest of the investors. Sincerely, Cynthia Tisher