Subject: File No. SR-NYSEArca-2021-90
From: Dave Young
Affiliation:

Mar. 01, 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. 
 
As an individual investor / entrepreneur who is particularly familiar with cutting edge transformative high tech and innovative technologies, I  prefer a spot ETF vs. a futures based ETF.  A spot ETF would effectively eliminate wild premium / discounts swings and contango issues associated with the current limited options BITO and GBTC.
 
 
Sincerely, 
Dave Young