Subject: File No. SR-NYSEArca-2021-90
From: john furr
Affiliation:

Mar. 28, 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.

I think it’s absurd that we have allowed a futures based product to launch BEFORE a spot product.  You aren’t protecting investors by allowing highly leveraged products instead of a simple spot ETF that would allow people in IRA’s to gain regulated access to Bitcoin.

I’m writing from Framingham MA.   I support a Bitcoin ETF product and I believe Grayscale is the right company to take the lead.

Sincerely,
John Furr