Subject: Subject: File No. SR-NYSEArca-2021-90
From: James Starnes
Affiliation:

May. 17, 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.
There are multiple organizations supporting Bitcoin Spot ETFs in Canada, some with over one year of operational trading data - which should prove to the SEC that there hasn't been the BITCOIN market manipulation that is its main concern.
As of May 16th, 2022, the NAV of (GBTC) is a negative 31% versus that less than 1% price to NAV spread for the Canadian Spot BTC ETF (BTCC-BT.O). Retail investors in the US deserve a remedy to correct this painful problem.

I am a resident of the state of Florida.
Sincerely,

James M. Starnes