Subject: File No. SR-NYSEArca-2021-90

Mar. 04, 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 serve as a much better product for investors that want Bitcoin exposure than Bitcoin Futures-based ETFs or GBTC in it’s current form.

Investors should have access to a Spot Bitcoin ETF product which would better track the price of Bitcoin trading on cryptocurrency exchanges.

It is NOT in investors best interests for the SEC to only allow Futures-based Bitcoin ETF products that do not track Bitcoin well or an inferior GBTC Trust product that trades at either a significant discount or premium.


Sincerely,
Daniel L - Colorado Resident