Subject: Grayscale Trust
From: Jim Stagge
Affiliation:

May. 26, 2022

RE: File No. SR-NYSEArca-2021-90 


I'm asking you to approve Form 19b-4. I am a shareholder of the Grayscale 
Bitcoin Trust, GBTC, please vote that it be allowed to convert into a Bitcoin Spot ETF. 


This conversion would cause GBTC to trade in line with the underlying asset it 
would level the playing field for all investors. 


Sincerely, 


Bernard J Stagge