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

Apr. 22, 2022

 

You are hurting consumers by blocking gbtc’s transition to an ETF. There has been no evidence that an ETF would or could be manipulated and ETFs in jurisdictions like Canada prove this. Instead, in its current state, gbtc is actively harming consumers with a one way product that gets locked in and has no reason to trade in step with the native value. How is that good for anybody? 


Thanks, 
-Dave