Subject: File No. SR-NYSEArca-2021-90
From: Ron Mudd
Affiliation:

May. 10, 2022

I have owned GBTC for over 2 year in my IRA account. Although Grayscale has petitioned to convert GBTC to a spot ETF for years, the SEC has denied their request. This has adversely affected my investment because it now trades at a discount to NAV where it would trade at NAV if converted. Canada has multiple spot ETFs. Even Australia is offering a spot ETF. The SEC is behind and needs to approve this conversion. 


Thank you. 
Ron Mudd