Subject: File No. SR-NYSEArca-2021-90
From: Kent U
Affiliation:

Apr. 22, 2022

 


Hi, 


Please consider Grayscale's application to convert it's Bitcoin trust into a spot ETF. To get bitcoin exposure in my IRA I own a large amount of GBTC shares. Today I'm being hurt by the low share price or discount it trades to NAV. If the SEC converted this trust into a spot ETF I would not be losing money due to this discounted share price. The SEC's main purpose is to protect investors, so please PROTECT my retirement investment by converting GBTC to a spot ETF. 


Thanks, 
Kent Uyeunten