Subject: File No. SR-NYSEArca-2021-90
From: Mark Berman
Affiliation:

Feb. 26, 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.

U.S. investors need a spot ETF. Approving a derivatives Bitcoin ETF instead of a spot ETF does not protect investors - in my view it puts those investors at a disadvantage.

I live in New York City.

Thank you for your consideration,

Mark Berman