Notice2024-23982
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend Exchange Rule 4.3 To List and Trade Options on Units That Represent Interests in Ethereum Exchange-Traded Products
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 17, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 201 (Thursday, October 17, 2024)</title>
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[Federal Register Volume 89, Number 201 (Thursday, October 17, 2024)]
[Notices]
[Pages 83723-83724]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-23982]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-101321; File No. SR-CBOE-2024-036]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Amend Exchange Rule 4.3 To List and Trade Options on Units
That Represent Interests in Ethereum Exchange-Traded Products
October 11, 2024.
On August 19, 2024, Cboe Exchange, Inc. (``Exchange'') filed with
the Securities and Exchange Commission (``Commission''), pursuant to
Section 19(b)(1) of the Securities Exchange Act of 1934 (``Act''),\1\
and Rule 19b-4 thereunder,\2\ a proposed rule change to amend Exchange
Rule 4.3 regarding the criteria for underlying securities.
Specifically, the Exchange proposes to amend Exchange Rule 4.3,
Interpretation and Policy .06(a)(4) to allow the Exchange to list and
trade options on Units \3\ that represent interests in the following
exchange-traded products: the Fidelity Ethereum Fund, the 21Shares Core
Ethereum ETF, the Invesco Galaxy Ethereum ETF, the Franklin Ethereum
ETF, the VanEck Ethereum Trust, the Grayscale Ethereum Trust, the
Grayscale Mini Ethereum Trust, the Bitwise Ethereum ETF, and the
iShares Ethereum Trust ETF, designating them as Units deemed
appropriate for options trading on the Exchange. The proposed rule
change was published for comment in the Federal Register on September
4, 2024.\4\ The Commission received no comment letters regarding the
proposed rule change.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ Exchange Rule 1.1 defines a ``Unit'' (which may also be
referred to as an exchange-traded fund (``ETF'')) as a share or
other security traded on a national securities exchange and defined
as an NMS stock as set forth in Rule 4.3.
\4\ See Securities Exchange Act Release No. 100862 (Aug. 28,
2024), 89 FR 72146.
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Section 19(b)(2) of the Act \5\ provides that within 45 days of the
publication of notice of the filing of a proposed rule change, or
within such longer period up to 90 days as the Commission may designate
if it finds such longer period to be appropriate and publishes its
reasons for so finding, or as to which the self-regulatory organization
consents, the Commission shall either approve the proposed rule change,
disapprove the proposed rule change, or institute proceedings to
determine whether the
[[Page 83724]]
proposed rule change should be disapproved. The 45th day after
publication of the notice for this proposed rule change is October 19,
2024. The Commission is extending this 45-day time period.
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\5\ 15 U.S.C. 78s(b)(2).
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The Commission finds it appropriate to designate a longer period
within which to take action on the proposed rule change so that it has
sufficient time to consider the proposed rule change. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates
December 3, 2024 as the date by which the Commission shall either
approve or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change (File No. SR-CBOE-2024-036).
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\6\ Id.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\7\
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\7\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-23982 Filed 10-16-24; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on October 17, 2024.
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