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

May. 10, 2022

Dear Sir / Madam, 


Sub: Opinion for conversion of GBTC to ETF 


As a part of the review process, I would like to chime in my 2 cents on this topic. I am an ordinary citizen and have no interest in Bitcoin or any other Crypto. I have a twitter account and have seen so many posts promoting Bitcoin irrespective of whether the price is up or down, day-in day-out. In this context, my humble opinion would be that SEC should not allow GBTC or any other entity to convert to ETF. This would make ordinary citizens gamble on these highly volatile tokens. I have seen on platforms like IG, Bitcoin is listed for professional traders and I feel for a similar category, there are Bitcoin futures already available. 



Thanks & Regards, 
Shepherd (pen name)