Notice2025-04225
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale Solana Trust Under NYSE Arca Rule 8.201-E, Commodity-Based Trust Shares
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
March 17, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 50 (Monday, March 17, 2025)</title>
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[Federal Register Volume 90, Number 50 (Monday, March 17, 2025)]
[Notices]
[Pages 12410-12411]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-04225]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102593; File No. SR-NYSEARCA-2025-06]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change, as Modified by Amendment No. 1, To List and Trade Shares of the
Grayscale Solana Trust Under NYSE Arca Rule 8.201-E, Commodity-Based
Trust Shares
March 11, 2025.
On January 24, 2025, NYSE Arca, Inc. (``NYSE Arca'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission''), pursuant to Section 19(b)(1) \1\ of the Securities
Exchange Act of 1934 (``Act'') \2\ and Rule 19b-4 thereunder,\3\ a
proposed rule change to list and trade shares of the Grayscale Solana
Trust under NYSE Arca Rule 8.201-E, Commodity-Based Trust Shares. On
February 4, 2025, the Exchange filed Amendment No. 1 to the proposed
rule change, which replaced and superseded the original filing in its
entirety. The proposed rule change, as modified by Amendment No. 1, was
published for comment in the Federal Register on February 12, 2025.\4\
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 15 U.S.C. 78a.
\3\ 17 CFR 240.19b-4.
\4\ See Securities Exchange Act Release No. 102372 (Feb. 6,
2025), 90 FR 9470. Comments received on the proposed rule change are
available at: <a href="https://www.sec.gov/comments/sr-nysearca-2025-06/srnysearca202506.htm">https://www.sec.gov/comments/sr-nysearca-2025-06/srnysearca202506.htm</a>.
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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 proposed rule change should be disapproved. The
45th day after publication of the notice for this proposed rule change
is March 29, 2025. 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, as modified by
Amendment No. 1, so that it has sufficient time to consider the
proposed rule change and the issues raised therein. Accordingly,
[[Page 12411]]
the Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates
May 13, 2025, as the date by which the Commission shall either approve
or disapprove, or institute proceedings to determine whether to
disapprove, the proposed rule change, as modified by Amendment No. 1
(File No. SR-NYSEARCA-2025-06).
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\6\ 15 U.S.C. 78s(b)(2).
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. 2025-04225 Filed 3-14-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on March 17, 2025.
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