Notice2025-08927
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change, as Modified by Amendment No. 4, To Amend Rules 4.3, 4.20, and 8.30, To Allow the Exchange To List and Trade Options on the VanEck Bitcoin Trust
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
May 20, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 96 (Tuesday, May 20, 2025)</title>
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[Federal Register Volume 90, Number 96 (Tuesday, May 20, 2025)]
[Notices]
[Pages 21524-21525]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08927]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103046; File No. SR-CBOE-2025-017]
Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change, as Modified by Amendment No. 4, To Amend Rules 4.3, 4.20, and
8.30, To Allow the Exchange To List and Trade Options on the VanEck
Bitcoin Trust
May 14, 2025.
On March 14, 2025, 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
Rules 4.3, 4.20, and 8.30 to list and trade options on the VanEck
Bitcoin Trust. On March 26, 2025, the Exchange filed Amendment No. 1 to
the proposed rule change. On March 27, 2025, the Exchange withdrew
Amendment No. 1, filed and withdrew Amendment No. 2, and filed
Amendment No. 3 to the proposal, which superseded and replaced the
original proposal in its entirety. The proposed rule change, as
modified by Amendment No. 3, was published for comment in the Federal
Register on April 3, 2025.\3\ On May 1, 2025, the Exchange filed
Amendment No. 4 to the proposed rule change, which supersedes the
initial proposed rule change and Amendment Nos. 1 through 3 and
replaces them in their entirety.\4\ The Commission has not received any
comments regarding the proposal.
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\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 102742 (Mar. 28,
2025), 90 FR 14670.
\4\ Amendment No. 4 to the proposal is available at <a href="https://www.sec.gov/comments/sr-cboe-2025-017/srcboe2025017-600895-1751482.pdf">https://www.sec.gov/comments/sr-cboe-2025-017/srcboe2025017-600895-1751482.pdf</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 May 18, 2025.
[[Page 21525]]
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 July
2, 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. 4
(File No. SR-CBOE-2025-017).
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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. 2025-08927 Filed 5-19-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on May 20, 2025.
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