Subject: File No. SR-NYSEArca-2021-90
From: Carl Paulino
Affiliation:

Feb. 22, 2022

 


Hello, 
I would like my GBTC converted to an ETF.  
I would like to have my shares correlating to Bitcoin price with no premiums or discounts. 
The Grayscale Bitcoin trust as it currently stands is an inferior investment vehicle than its conversion to a spot ETF would allow it to be. The futures ETF that was approved is much riskier for investors and reflects a double standard by the administration. I request accepting Grayscales application to be converted into a spot Bitcoin ETF. 

Sincerely, 
Carl Paulino