Subject: File No. SR-NYSEArca-2021-90

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 the State of Georgia and support the conversion of GBTC to a Spot Bitcoin ETF because:  


- It would favorably uplist from OTCQX to the New York Stock Exchange. 


- The ETF would more efficiently track the price of Bitcoin, effectively eliminating premiums and discounts. 


- Grayscale would reduce management fees for GBTC. 

Sincerely, 

Michael Hartnett