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deatontoday at 4:34 PM0 repliesview on HN

The problem is a lot of passive investors own large quantities of that ETF, and to take their money out now they have to pay a tax penalty, so they are forced to invest in SPCX due to the rule change.

Its also a matter of principle. They had a seasoning period to allow for market price discovery over time, and they created a process to waive it for one company. Its not unreasonable to say that that is a bad thing.