Notice2025-04237
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 2, To Amend the Rules Governing the Listing and Trading of Shares of the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF To Permit In-Kind Creations and Redemptions
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
<html>
<head>
<title>Federal Register, Volume 90 Issue 50 (Monday, March 17, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 50 (Monday, March 17, 2025)]
[Notices]
[Pages 12409-12410]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-04237]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102609; File No. SR-CboeBZX-2025-010]
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change, as Modified by Amendment No. 2, To Amend the Rules Governing
the Listing and Trading of Shares of the ARK 21Shares Bitcoin ETF and
the 21Shares Core Ethereum ETF To Permit In-Kind Creations and
Redemptions
March 11, 2025.
On January 27, 2025, Cboe BZX 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 the
rules governing the listing and trading of shares of the ARK 21 Shares
Bitcoin ETF and the 21 Shares Core Ethereum ETF to permit in-kind
creations and redemptions. On February 5, 2025, the Exchange filed
Amendment No. 1 to the proposed rule change, which replaced and
superseded the original filing in its entirety. On February 7, 2025,
the Exchange filed Amendment No. 2 to the proposed rule change, which
replaced and superseded the proposed rule change as modified by
Amendment No. 1 in its entirety. The proposed rule change, as modified
by Amendment No. 2, was published for comment in the Federal Register
on February 14, 2025.\3\ No comments have been received on the proposed
rule change.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 102381 (Feb. 10,
2025), 90 FR 9648.
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \4\ 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
[[Page 12410]]
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 31, 2025. The Commission
is extending this 45-day time period.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
---------------------------------------------------------------------------
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. 2, so that it has sufficient time to consider the
proposed rule change and the issues raised therein. Accordingly, the
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates May
15, 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. 2
(File No. SR-CboeBZX-2025-010).
---------------------------------------------------------------------------
\5\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\6\
---------------------------------------------------------------------------
\6\ 17 CFR 200.30-3(a)(31).
---------------------------------------------------------------------------
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-04237 Filed 3-14-25; 8:45 am]
BILLING CODE 8011-01-P
</pre></body>
</html>Indexed from Federal Register on March 17, 2025.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.