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

Apr. 24, 2022



Dear SEC,

I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), currently the world’s largest Bitcoin fund, to the first Spot Bitcoin ETF in the United States.

***[PLEASE WRITE YOUR THOUGHTS IN HERE, INCLUDING WHICH STATE YOU RESIDE IN – THANK YOU FOR YOUR SUPPORT]*** My wife Janet and I, Gustav Marquardt, hold GBTC shares Long Term.  We consider them foundational in the progressive development and improvement of the financial services for the general public.  We are retired, and the interest we earn from our bank retirement account is no more than three pennies per pay period.  We cannot afford a Jumbo $10,000 Five Year CD, which only pays 1/2 % and has penalties If you need cash for unexpected needs.  We have not lost any money on GBTC, and it follows a volatility pattern of higher highs and higher lows.  Dear SEC.  When you approve  the conversion of the GBTC trust to an ETF, the management fees will most likely be lower and increase the performance of the fund.  My wife and I vote for your approval of the GBTC conversion into an ETF.

Sincerely,
*** [YOUR NAME] ***
Gustav and Janet Marquardt