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

May. 10, 2022

Hi, 


If the SEC would approve a future bitcoin ETF, why can't approve a spot ETF where it's less risky and more long-term focused? I believe that investors deserve a spot bitcoin ETF and in that way they can choose to invest their pension fund into bitcoin as a store of value. 


Thanks, 
Ziyun Liu