Subject: File No. SR-NYSEArca-2021-90
From: Shannon Malloy
Affiliation:

Feb. 22, 2022

 





Hello, SEC. 


I want to see GBTC converted to a Spot ETF as soon as possible.  


The futures-based bitcoin ETF is an inferior product.  


Other countries have had a spot ETF for quite a while. Why not us? There are other highly volatile ETFs in the market. Meta/Facebook recently dropped more than 20% in a day.  


Retail Investors in the U.S. should be free to decide for themselves. 


You're holding us back. It's time to move forward before we fall further behind.  


Regards,  
Shannon Malloy