Subject: File No. SR-NYSEArca-2021-90
From: David Smith
Affiliation:

May. 07, 2022

I support the GBTC proposal for a conversion to a spot Bitcoin ETF.
- I travel outside of the USA and don’t have a USA cell phone so I can’t invest in bitcoin directly since one security layer involves repeated use of a US based phone.
- I don’t foresee any harmful consequences. If you've already approved a futures based ETF then you should approve the GBTC proposal.

- After one ETF is established there will be healthy competition via similar ETFs from companies like Fidelity, 

Sincerely, 
Dave Smith, 
Kissimmee, FL