Subject: File No. SR-NYSEArca-2021-90
From: Benjamin Mahler
Affiliation:

Apr. 07, 2022

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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'm a NY retail investor who would like to hold a spot bitcoin etf and currently hold GBTC to accomplish this, however the conversion to a spot etf would help avoid a large discount to the actual price of btc which has hurt me and other retail investors.

Sincerely,
Benjamin Mahler