Subject: File No. SR-NYSEArca-2021-90
From: Jun Cheng
Affiliation:

May. 06, 2022

 



Dear officer, 



I strongly want to convert GBTC to an ETF because: 


1. Currently GBTC fee is very high. It has an annual management fee 2%. If it can be converted to ETF, the fee can be significantly reduced. 
2. ETF provides much better liquidity than trust. As investor, it will be easier and less costly to sell and buy. 










Best Regards, 

Jun Cheng