Subject: File No. SRNYSEArca-2021-90
From: Nick Simonelli
Affiliation:

May. 06, 2022

Dear SEC, 


I am writing in support of a conversion of the Grayscale Bitcoin Trust (GBTC) to an EFT. Such a conversion will permit the fair and equitable treatment of investors in GBTC, such as myself. GBTC sells at a substantial discount to the value of Bitcoin. By allowing this conversion, the SEC would be protecting all investors in GBTC. 


Thank you, 


Nick Simonelli