Subject: File No. SR-NYSEArca-2021-90
From: John P Hughes
Affiliation:

Feb. 22, 2022

 


Dear SEC, 

I’m writing to support the conversion of Grayscale Bitcoin Trust (Symbol: GBTC) to the first Spot Bitcoin ETF in the United States. 

I invested in this fund back in 2020, and it's been really tough to see the premium go negative over the last 8 months. I feel like I'm trapped in this position, because I don't want to sell at a significant discount, and it's my largest personal holding. I'm a resident of Florida. Please consider approving the spot BTC ETF! 

Thanks, 
John Hughes