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

Feb. 22, 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. 
I reside in Pennsylvania where I am a financial advisor.  I own GBTC on behalf of clients and would like to see the security trade at levels consistent with its NAV.  It currently trades at a significant discount and I believe that conversion to an ETF would help to close this gap to NAV.
 
Sincerely,
 
Matthew Teplitz
 
 
Matthew J. Teplitz
Guyasuta
Investment Advisors, Inc.