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

May. 14, 2022

Dear SEC,

As a GBTC shareholder, I am in support of the conversion of Grayscale Bitcoin Trust (OTCQX: GBTC) to an ETF. By not approving this conversion, you are not protecting me, the investor – you are just adding maintaining rules in place for the sake of having rules. Allowing this conversion would mean lower fees and easier access – which is what the SEC should be supporting.

Sincerely,
J. Rand Arnold