Notice2025-13574
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period for Commission Action on a Proposed Rule Change To Amend the Rules Governing the Listing and Trading of Shares of the Bitwise Bitcoin ETF Trust and the Bitwise Ethereum ETF in Order 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
July 21, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 137 (Monday, July 21, 2025)</title>
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[Federal Register Volume 90, Number 137 (Monday, July 21, 2025)]
[Notices]
[Page 34325]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13574]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103473; File No. SR-NYSEARCA-2025-38]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a Longer Period for Commission Action on a Proposed Rule
Change To Amend the Rules Governing the Listing and Trading of Shares
of the Bitwise Bitcoin ETF Trust and the Bitwise Ethereum ETF in Order
To Permit In-Kind Creations and Redemptions
July 16, 2025.
On May 21, 2025, NYSE Arca, Inc. (``NYSE Arca'' or the
``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 Bitwise Bitcoin ETF Trust and the Bitwise
Ethereum ETF to permit in-kind creations and redemptions. On June 4,
2025, the Exchange filed Amendment No. 1 to the proposed rule change
that replaced and superseded the original filing in its entirety.\3\
One June 30, the Exchange filed Amendment No. 2 to the proposed rule
change that replaced and superseded the original filing as amended by
Amendment No. 1, in its entirely. The proposed rule change, as amended
by Amendment No. 2 was published for comment in the Federal Register on
July 14, 2025.\4\
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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. 103198 (June 5,
2025), 90 FR 24683 (June 11, 2025). The Commission has received no
comments regarding the proposed rule change.
\4\ See Securities Exchange Act Release No. 103407 (July 9,
2025), 90 FR 31390.
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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 July 25, 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 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,\6\ designates September 8, 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 (File No. SR-NYSEARCA-2025-38).
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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. 2025-13574 Filed 7-18-25; 8:45 am]
BILLING CODE 8011-01-P
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</html>Indexed from Federal Register on July 21, 2025.
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