Subject: File No. SR-NYSEArca-2021-90
From: Alex White
Affiliation:

Apr. 07, 2022

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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. 

Your futures (paper) backed ETFs come at a cost to the investors you supposedly "protect". 


Approve all spot ETF applications or disband the SEC as it has clearly become a corrupt sham of an organisation that has lost sight of its obligations and purpose. 


Regards, 


Alexander White