Subject: File No. SR-NYSEArca-2021-90
From: Don Southwell
Affiliation:

Apr. 25, 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.
A Spot Bitcoin ETF would allow investors like me to:
Diversify my investment portfolio into the world's most popular cryptocurrency. Invest in a product that directly tracks the price of Bitcoin without having to hold Bitcoin. Own crypto in the same way I own many other investable assets. Be able to effectively participate in markets others in the world have access to. 

I am a resident of the state of Michigan. 


I also support the conversion of Grayscale Ethereum Trust (symbol: ETHE), to an ETF format to fairly price the underlying assets held in the fund. Sincerely,
Don Southwell