Subject: File No. SR-NYSEArca-2021-90
From: Todd Biggs
Affiliation:

May. 06, 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 need a spot ETF.  The future based ETF is ineffective and has much higher costs and tracking error.

Sincerely,
Todd