Thread by @Grayscale

If $GBTC is approved to convert to a Spot Bitcoin ETF:

We will reduce our management fee
Mechanisms inherent to an ETF should effectively close the discount to NAV
U.S. investors will get a new option to access the spot price of #Bitcoin

A 🧵 on how you can support our efforts:

“American investors should have a choice in how to obtain #Bitcoin exposure,” said Grayscale CEO Michael @Sonnenshein. “We will use the strength of Grayscale’s brand and resources to continue to advocate for these investors.” gryscl.co/35hb474 (2/5) $GBTC

As part of our application to convert $GBTC to an ETF, there is a standard 240-day review period during which the public is invited to submit comments to the SEC for consideration. gryscl.co/3H6BQMN (3/5)

They want to know your opinion on topics like:
If $BTC is suitable as an underlying asset for an #ETF
If the $GBTC ETF would be susceptible to manipulation
If the GBTC ETF carries a similar risk of fraud to a futures-based ETF
Read the full request: gryscl.co/3h6skif (4/5)

The SEC is required to review, publicly post, and address each comment submitted in accordance with this process.
If you’ve ever wanted people in power to listen, this is your time. Make your voice heard: gryscl.co/3t1zABl $GBTC (5/5)