Subject: File No. SR-NYSEArca-2021-90
From: billy gratopp
Affiliation:

Mar. 18, 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 currently reside in Michigan and would like to be able to invest in Bitcoin in through my brokerage account in a liquidly traded product that represent the true cash value.  The futures ETFs are not good long term investments due to the rolling of forwards in a contango curve.



Sincerely,
Bill Gratopp