Subject: File No. SR-NYSEArca-2021-90
From: Derrick Shich
Affiliation:

May. 08, 2022

Hello, 

GBTC is supposed to be a safe way to buy and store bitcoin. 


Unfortunately, it is currently trading at well below NAV. 


Converting GBTC to an ETF is the right, fair and responsible thing to do for retail investors (that your agency is supposed to protect). 


Please approve Grayscale’s proposal. 


Thank you. 



Derrick Shich