Subject: File No. SR-NYSEArca-2021-90
From: Lau Tsz Lok
Affiliation:

Feb. 22, 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.

The bitcoin has a larger market cap which over 1 trillion dollar. The volatility is small enough for launching the spot bitcoin ETF

Sincerely,
Ryan Lau