Subject: File No. SR.NYSEArca-2021-90
From: Joe Douglass
Affiliation:

May. 09, 2022

I support converting the GBTC Bitcoin Trust to a spot ETF.  The ETF would more efficiently track the price of Bitcoin by eliminating premiums and discounts.

Grayscale would reduce management fees and list on the New York Stock Exchange which would be very beneficial to shareholders.

It would be helpful if the SEC would be more supportive of the crypto industry instead of trying to match it with 1930’s banking rules.


                                                                                                Thanks, Joe Douglass