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

Jun. 27, 2022


> ***[PLEASE CUSTOMIZE WITH YOUR VIEWS ON THE CONVERSION, INCLUDING
WHICH STATE YOU RESIDE IN – THANK YOU FOR YOUR SUPPORT]***
>
Dear SEC,
>
I am [INTRODUCE SELF, FEEL FREE TO INCLUDE NAME, OCCUPATION, AGE] from
[ADD YOUR STATE HERE] and I am in favor of approving the Form 19b-4
that NYSE Arca filed with you to convert Grayscale Bitcoin Trust
(OTCQX: GBTC) – the world’s largest publicly traded crypto asset fund,
with approximately $30 billion in AUM, hundreds of millions in daily
trading volume, more than 850,000 investors, holding approximately
3.4% of all Bitcoins outstanding – into a Bitcoin Spot ETF.
>
>
This year, GBTC has traded at an approximately 25% discount to its
NAV, which means the price of GBTC is less than the price of its
underlying assets, Bitcoin. With approximately $30 billion in AUM,
that results in approximately $7.5 billion of trapped value from
existing U.S. investors.
>
Sincerely,
*** [YOUR NAME] ****Jesus Castro Diaz.