Subject: File No. SR-NYSEArca-2021-90
From: Eugene Hill
Affiliation:

May. 06, 2022

 



Hey guys, 
I see you're considering allowing yet another BTC futures ETF than a spot one. It's time to stop playing games by allowing GBTC to convert to a SPOT ETF immediately. 
More reasons to support a spot ETF: 
- to bar folks from buying into it without having to worry about custody and security is harsh. 
- $ go offshore to canada etc which offers a spot BTC ETF 
- retirement accounts (fidelity just announced this) can buy in and control the %-age 


Keep the $ in the US, and keep it visible and taxable. 
Do the right thing. Allow GBTC to convert from whatever the hell it is now to a SPOT BTC ETF. 
While you're at it, allow ETH spot ETFs too. 


Eugene Hill