Subject: File No. SR-NYSEArca-2021-90
From: Jon Buck
Affiliation:

Feb. 22, 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 believe the futures ETF exceeds the risk of a spot ETF.

Bitcoin prices do not seem to be subject to manipulation and investors would be safer if they can access the asset through a vetted ETF rather than via other means.

Sincerely,
jon buck