Subject: File No. SR-NYSEArca-2021-90
From: Adam R. Gandolfi
Affiliation:

May. 11, 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. 

It is well past time for GBTC to be converted into an ETF. I'm in my 50's and I hold index funds in my retirement accounts...along with GBTC. There is no excuse at this point. Saying that you are protecting investors while simultaneously allowing a futures market is absolutely disgraceful. 

Sincerely, 


Adam R. Gandolfi 
Regional Risk Manager 
Municipal Underwriters of MI, Inc.