Subject: File No. SR-NYSEArca-2021-90
From: Carl Larsen
Affiliation:

Apr. 18, 2022

Dear SEC, 



I’m writing to OPPOSE the conversion of Grayscale Bitcoin Trust (Symbol: GBTC), to a Spot Bitcoin ETF in the United States. 


None of the conditions current during the previous SEC rejections of this fund have been remedied. This is a terrible idea that could further legitimize a ponzi scheme in the eyes of investors, risking further liquidity being injected into an obvious scam. Please say no to this ETF.

Sincerely, 
Carl Larsen
Chicago, IL