Subject: File No. SR-NYSEArca-2021-90 GBTC ETF Approval
From: Richard Reiland
Affiliation:

May 6, 2022

I am strongly in favor for GBTC to convert to an ETF.

The conversion of Grayscale Bitcoin Trust (GBTC) to an ETF is in the best interest of private and other investors in the US.

Several other countries have already approved spot ETFs, and the United States is left behind. Whom are you protecting by not approving an ETF? Certainly not me.

Richard Reiland