Subject: File No. SR-NYSEArca-2021-90
From: Tony D Valentino
Affiliation:

Apr. 24, 2022

 



Dear SEC, I am 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. Although GBTC is presently a vehicle to invest in Bitcoin, it is far more complex and volatile for the average retail investor to understand and utilize. A "Spot ETF" is more conducive and relevant as an investment instrument. I reside in Florida, and I currently invest in GBTC. Thank you. Tony Valentino.