Subject: File No. SR-NYSEArca-2021-90
From: Sally Raney
Affiliation:

Feb. 27, 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.

A spot Bitcoin etf would allow me to invest in a fund that tracks the price of Bitcoin without actually having to go through the hoops of setting up the special accounts to buy and hold Bitcoin.
I don’t understand why I can buy funds that track most assets but not Bitcoin?  A spot Bitcoin etf would allow me to invest in crypto like I invest in gold or other investable assets.  Why force us to invest differently in Bitcoin?
Please take action to allow Grayscsle Bitcoin Trust to convert to a Bitcoin ETF.
I am a resident of Ohio.
Thank you for your consideration and action in this matter and help to level the playing field for investing in Bitcoin!

Kind regards,


Sally Raney
Mason, Oh