Subject: File No. SR-NYSEArca-2021-90
From: Erik K. Whitesides
Affiliation:

Apr. 22, 2022

 



I'm writing to support the conversion of Grayscale Bitcoin trust to a spot ETF. Keeping the price of the trust shares in line with the actual price of Bitcoin allows for fairer pricing and direct access to Bitcoin for those who are not comfortable handling it directly. 


Investors such as myself are a necessary component in funding the research and development needed to make cryptocurrencies faster, more accessible, and easier to use. Supporting a solid spot ETF is a good first step in that direction. 



I believe the underlying cryptocurrency technologies are in line with other inventions such as the telephone and the internet, and that 100 years from now we will be taking for granted that everyone has equal access to a decentralized currency system that is owned by no one group/person, is used by everyone, and that works seamlessly in the background of everyday life.