Subject: File No. SR-NYSEArca-2021-90
From: Phil Mondy
Affiliation:

May. 06, 2022

 


It is important for this GBTC fund to be converted to an ETF. 


I use GBTC in my retirement funds. Converting it to an ETF would reduce my risk as an investor because it would reduce the volatility. I just want to own bitcoin as an EFT, but didn't have that option last year. Now I'm holding this fund which is actually backed by bitcoin and should be stable in terms of price, it is trading at a discounted rate as a fund. Converting to an ETF would minimize this and is definitely better for me as an investor. 





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pm