Subject: File No. SR-NYSEArca-2021-90
From: Justin Sherman
Affiliation:

May. 06, 2022

Converting GBTC to an ETF will provide a much more predictable investment, and increase the worth of my current investment. Currently, the pricing we have under the current model is affected by the price of BTC, and opinion about the investment product, which unfortunately compounds. Currently GBTC is currently at a discount great than 25% vs NAV, which is highly problematic. Please approve this ETF.