Subject: File No. SR-NYSEArca-2021-90
From: Dennis Thompson
Affiliation:

Apr. 25, 2022

 


Please help us get grayscale bitcoin trust converted to a spot etf. 
Your constituents want this product and deserve it, please help us like they are doing in other countries!! 
-Dennis 

The ETF would more effectively track the price of Bitcoin, effectively eliminating discounts and premiums

If GBTC shares are trading at a discount to NAV, all else being equal, they will increase in value upon conversion 

If GBTC shares are trading at a premium to NAV, all else being equal, they will decrease in value upon conversion 

Grayscale has committed to reducing management fees for GBTC

GBTC would be uplisted from OTCQX to the NYSE Arca



Best, 


Dennis Thompson