Subject: File No. SR-NYSEArca-2021-90
From: Mike Kim
Affiliation:

May. 11, 2022

Dear SEC, 

Do NOT 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. This is a an ETF that has no intrinsic value and will cause massive losses for the common person. 

Mike