Subject: File No. SR-NYSEArca-2021-90
From: Madhan Raja
Affiliation:

Feb. 26, 2022

 


Dear SEC, 

I’m writing to support the creation of Spot Bitcoin ETF in the United States. 

I'm wondering the logic behind denying Spot ETF!! and approving Futures ETF is meaningless. 
This is literally denying retail investors and encouraging institutions to get in early. 


What is wrong in holding fundamentally the artifact itself rather than speculating a future by holding a agreement copy(Futures) !!! 


GBTC Fund is another example of ignoring/denying/ penalizing a retail investors.so why is conversion of that being denied along with other applications? 


I'm from Arizona - when you make a decision please in mind the little retail investors like me. 


Sincerely, 
Raja