Subject: File No. SR-NYSEArca-2021-90
From: David Keehan
Affiliation:

Mar. 07, 2022

 




Dear SEC, 
The SEC justification for delaying the Grayscale GBTC Spot ETF based on protecting U.S. investors from volatility is not credible. Consider a commodity like Crude Oil (WTI) that has fluctuated between -$40 per barrel in April 2020 and $130 today  



The rationale of approving a Bitcoin Futures ETF and not a Spot Bitcoin ETF under the guise to "prevent fraudulent and manipulative acts" is a ludicrous ruling.  Please approve the GBTC Spot Bitcoin ETF for investors.  Thank you.