Subject: File No. SR-NYSEArca-2021-90
From: Frank Gencorelli
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.

The SEC is hindering the growth of this vibrant new economic asset class by not allowing for a spot ETF and hurting individual investors like myself that have seen my assets decrease in value because the Grayscale Bitcoin Trust is not yet approved as an ETF.  Many many other countries have approved a spot bitcoin ETF without issue or causing damages to the investors - the SEC should do the same.   The SEC is not protecting investors by withholding approval of a spot Bitcoin ETF - rather they are hurting American investors.

Sincerely,
Frank Gencorelli