Subject: File No. SR-NYSEArca-2021-90
From: David Foley
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. 

I reside in Massachusetts.  I believe that Gary Gensler is right in saying that Bitcoin is an asset class similar to Gold and Silver.  It does need to be regulated -- just like the CFTC regulates Gold. 


However, Bitcoin is a major asset class and the people are investing in it broadly.  Please make this an ETF so the people can find a cheaper, more liquid alternative to expressing exposure to the asset class Bitcoin. 

Sincerely, 
David A. Foley