Subject: File No. SR-NYSEArca-2021-90
From: William Bredt
Affiliation:

May. 10, 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. 

An ETF would be a great regulated way for my clients to invest in BTC without having to own Bitcoin. Just like GLD is an option to invest in gold without having to own gold bars. I reside in Pennsylvania. 

Sincerely, 


William R Bredt 

William R. Bredt, AAMS, WMS
Senior Vice President, Investments
Managing Director
Corporate & Executive Services



Raymond James & Associates