Jun. 20, 2022
***[PLEASE CUSTOMIZE WITH YOUR VIEWS ON THE CONVERSION, INCLUDING WHICH STATE YOU RESIDE IN – THANK YOU FOR YOUR SUPPORT]*** Dear SEC, I am [INTRODUCE SELF, FEEL FREE TO INCLUDE NAME, OCCUPATION, AGE] from [ADD YOUR STATE HERE] and I am in favor of approving the Form 19b-4 that NYSE Arca filed with you to convert Grayscale Bitcoin Trust (OTCQX: GBTC) – the world’s largest publicly traded crypto asset fund, with approximately $30 billion in AUM, hundreds of millions in daily trading volume, more than 850,000 investors, holding approximately 3.4% of all Bitcoins outstanding – into a Bitcoin Spot ETF. This year, GBTC has traded at an approximately 25% discount to its NAV, which means the price of GBTC is less than the price of its underlying assets, Bitcoin. With approximately $30 billion in AUM, that results in approximately $7.5 billion of trapped value from existing U.S. investors. To keep it simple, approving an ETF futures and not a spot ETF at this point in time is a real "injustice" / disadvantage to the average retail investor such as myself. At 75 years of age I can't afford to wait another decade. I like many others I have a family to support and like so many others I have watched my savings depreciation over the last decade. All we need is a SPOT ETF AND PROPER REGULATIONS BY OUR GOVERNMENT AND ITS AGENCIES. Sincerely, Denis A. Matlak Shorewood, IL 60404