Withdrawal of Registration Statement (rw)
October 25 2017 - 4:02PM
Edgar (US Regulatory)
Bitcoin Investment Trust
October 25, 2017
Via EDGAR
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
|
Re:
|
Bitcoin Investment Trust
|
Registration Statement
on Form S-1 (File No. 333-215627)
Application for
Withdrawal of Registration Statement
Ladies and Gentlemen:
Pursuant to Rule
477 under the Securities Act of 1933, as amended (the “
Securities Act
”), Grayscale Investments, LLC (the “
Sponsor
”),
the sponsor of the Bitcoin Investment Trust (the “
Trust
”), respectfully requests that, effective as of the date
first set forth above or at the earliest practicable date hereafter, the Securities and Exchange Commission (the “
Commission
”)
consent to the withdrawal of the Trust’s Registration Statement on Form S-1 (File No. 333-215627) initially filed with the
Commission on January 20, 2017, as thereafter amended, together with all exhibits thereto (the “
Registration Statement
”).
The grounds upon which the Sponsor is making this application for withdrawal are that the Sponsor does not intend to proceed with
the planned distribution of the Trust’s shares registered by the Registration Statement.
The Sponsor confirms
that the Registration Statement has not been declared effective, no securities have been or will be issued or sold pursuant to
the Registration Statement or the prospectus contained therein and no preliminary prospectus contained in the Registration Statement
has been distributed.
The Sponsor also
requests, in accordance with Rule 457(p) under the Securities Act, that all fees paid to the Commission in connection with the
filing of the Registration Statement be credited for future use for the account of the Trust.
Accordingly,
we request that the Commission issue an order granting withdrawal of the Registration Statement effective as of the date first
set forth above or at the earliest practicable date hereafter.
Thank
you for your assistance with this application for withdrawal. If you have any questions or require any further information, please
do
not hesitate to contact
Joseph A. Hall
of Davis Polk & Wardwell LLP
at (212) 450-4565, (212) 701-5565 (fax) or joseph.hall@davispolk.com.
Respectfully submitted,
/s/ Barry E. Silbert
Barry E. Silbert
Chief Executive Officer
Grayscale Investments, LLC
Davis Polk & Wardwell LLP
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