Subject: File No. SR-NYSEArca-2021-90
From: John M Piercy
Affiliation:

Apr. 12, 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.

I converted my TSP IRA and 100% invested in GBTC two years ago with my 401k funds after retiring from federal service.  I would very much like you to support the conversion of GBTC into an ETF.  I do not want to hold Bitcoin directly and prefer an ETF.  I would like to be able to take possession of my Bitcoin in the ETF, if I choose, so I would want that capability as part of the ETF approval.

Sincerely,
John M Piercy




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