Subject: File No. SR-NYSEArca-2021-90
From: Steven Kahan
Affiliation:

Apr. 23, 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.  We are at a point in Bitcoin's development that there is more risk in keeping the current structure than by converting to an ETF.

Sincerely,
Steven Kahan Michigan