Subject: File No. SR-NYSEArca-2021-90
From: Chris Del Col
Affiliation:

May. 06, 2022

 



I would like to see GBTC converted to an ETF. There is demand for exposure to Bitcoin and an inability to hold Bitcoin directly in certain accounts therefore GBTC is the only spot option to gain that exposure in those accounts. If GBTC was an ETF it would trade more closely to NAV and be a better proxy to owning Bitcoin directly. An ETF would be a more liquid instrument providing broader participation and a more cost efficient product for the consumer.

Thank you for your consideration in permitting GBTC to become an ETF.

Chris Del Col




Christopher Del Col
Investment Consultant
Guidance Point Advisors