Subject: File No. SR-NYSEArca-2021-90
From: Eric Brandt
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 write to you as a resident of the state of Wisconsin 
It seems very strange that there is no Spot ETF Bitcoin product in the US. Many countries have the product available and have no issues with it. The US should not lag behind other countries in innovation and should allow investors the opportunity to own a spot product in Bitcoin ETFs similar to other ETFs. In the end, our current approach only harms investors and benefits Wall Street. Please give investors the choice of the type of ETFs to invest in (Spot or Futures based). Please approve conversion of GBTC to an ETP. Canada, and a growing list of countries around the world have allowed spot bitcoin ETP's. The USA should be leading in this area, not following. Our great nation has been the leader in both technology and financial services. SEC- please act now to help US investors. Thank you.

Sincerely, 
Eric Brandt