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

Feb. 22, 2022

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"Dear" SEC.  

Respectfully, holding back a Spot Backed ETF for investor protection is silly. A spot-based ETF is exactly the best way to protect investors, heighten security and better regulate the space.  

Right now you are losing capital to other countries as both Canada and major European countries already have approved this product.  



Wake up, the world is changing. thank you!