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

May. 06, 2022

 



Please allow the conversion of GBTC and ETHE to spot ETF's. Investors understand the risks of investing in all cryptocurrencies. You are not protecting anyone by not allowing the conversion. Other countries have allowed this with no adverse consequences. Why is the US so far behind? Fix this problem now. We should be leaders in this space, not followers. Allow Grayscale to convert GBTC and ETHE to spot ETF's immediately. 
Thank you, 
Paul Dugan