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

Apr. 1, 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. 

Spot BTC markets should be embraced and regulated by the SEC. America should be leading the way forward and embracing the new technology. 

Sincerely, 
Michael Morahan