Subject: File No. SR-NYSEArca-2021-90
From: Avi Oppenheimer
Affiliation:

May. 13, 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.

I am a GBTC shareholder and reside in the state of Florida. The SECs stance on block spot BTC ETFs and holding back the GBTC conversation is detrimental to me as a retail investor.  A regulated spot BTC ETF will be lower cost and more safe for retail investors than the current market options available.  I am not interested in the more inefficient and costly BTC “futures” ETF. I sincerely hope the SEC is willing to treat BTC like other commodities that have both spot and futures ETF options.

Sincerely,
Avi Oppenheimer