Subject: File No. SR-NYSEArca-2021-90
From: Doug Morrison
Affiliation:

May. 08, 2022

To whom it may concern: 


If GBTC is approved to convert to an ETF there could be several positive outcomes for retail investors: 
GBTC would uplist from OTCQX to the New York Stock Exchange The ETF would more efficiently track the price of Bitcoin, eliminating premiums and discounts Grayscale would likely decrease management fees for GBTC. 
Thank you. 


Doug Morrison 
South Bend, Indiana