Wedbush Letter to U.S. Securities and Exchange Commission

Considering the recent evolution of the Bitcoin Investment Trust on the OTC Market, we believe it is in the best interest of our clients and the investing public that desire exposure to bitcoin to have access to an ETF trading at NAV rather than through the premium prices at which GBTC currently trades. We have decided to take an active stance in urging the Commission to consider these comments when evaluating the Bitcoin Investment Trust's approval to move to the NYSE ARCA.