Subject: File No. SR-NYSEArca-2021-90”
From: Dana Leonard
Affiliation:

Jun. 03, 2022

Hello, 
I just wanted to reach out and express my support for the GBTC conversion to a spot ETF. I have invested in crypto on my own directly. I have been one of the lucky ones: My BTC exchange (Coinbase) has not been hacked and my personal wallet has not been hacked either. Grayscale has state of the art security around their BTC holdings. I would much, much, prefer to be able to purchase through them on a standard market via a spot ETF and just offload all the above mentioned risk to someone who has the means and knowledge to do a much better job than I can. 

Thank you for taking the time to read this email. I understand that this is a very new space and I appreciate the situation you are in and the fact that you need to take your time and consider all consumer protections with this. 

Feel free to contact me if you have any questions or would like to discuss further. 


Dana Leonard