Subject: File No. SR-NYSEArca-2021-90
From: Doug Kvamme
Affiliation:

Feb. 22, 2022

 


The SECs job is to protect investors. The current rules are not achieving this goal. The Grayscale Bitcoin trust as it currently stands is an inferior investment vehicle than its conversion to a spot ETF would allow it to be. The futures ETF that was approved is much riskier for investors and reflects a double standard by the administration. I request accepting Grayscales application to be converted into a spot Bitcoin ETF.