Subject: File No. SR-NYSE Arca-2021-90
From: Daniel Luthens
Affiliation:

Apr. 09, 2022

Good day, 


I believe conversion of GBTC to a Bitcoin spot ETF would be a positive move. I fail to see a significant difference, in terms of risk and market volatility, between a spot Bitcoin ETF and the Bitcoin futures ETFs approved to date. A single source of truth: Bitcoin price will guide all these products. 


Thank you for considering the GBTC conversion to a spot Bitcoin ETF. 


Daniel E Luthens