May. 14, 2022
Hello, I am a shareholder of GBTC and request approval of the Form 19b-4 that NYSE Arca filed with you to convert Grayscale Bitcoin Trust to an ETF. The fees associated with an ETF should be lower than those with the current trust format or with futures-based products, which have already been approved by the SEC. Thank you for your attention to this matter. Sincerely, Gregory Cetton