Notice2025-14566
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 1, To List and Trade Shares of the Grayscale Litecoin Trust (LTC) 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
August 1, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 146 (Friday, August 1, 2025)</title>
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[Federal Register Volume 90, Number 146 (Friday, August 1, 2025)]
[Notices]
[Pages 36216-36217]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14566]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-103574; File No. SR-NYSEARCA-2025-05]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of Longer Period for Commission Action on Proceedings To
Determine Whether To Approve or Disapprove a Proposed Rule Change, as
Modified by Amendment No. 1, To List and Trade Shares of the Grayscale
Litecoin Trust (LTC) Under NYSE Arca Rule 8.201-E (Commodity-Based
Trust Shares)
July 29, 2025.
On January 24, 2025, NYSE Arca, Inc. (``NYSE Arca'') 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 list and trade
shares of the Grayscale Litecoin Trust (LTC) under NYSE Arca Rule
8.201-E (Commodity-Based Trust Shares). On February 3, 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replaced and superseded the original filing in its entirety.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.\3\
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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. 102367 (Feb. 6,
2025), 90 FR 9452. Comments received on the proposed rule change are
available at: <a href="https://www.sec.gov/comments/sr-nysearca-2025-05/srnysearca202505.htm">https://www.sec.gov/comments/sr-nysearca-2025-05/srnysearca202505.htm</a>.
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On March 11, 2025, pursuant to Section 19(b)(2) of the Exchange
Act,\4\ the Commission designated a longer period within which to
approve the proposed rule change, disapprove the proposed rule change,
or institute proceedings to determine whether to disapprove the
proposed rule change.\5\ On May 13, 2025, the Commission initiated
proceedings under Section 19(b)(2)(B) of the Act \6\ to determine
whether to approve or disapprove the proposed rule change, as modified
by Amendment No. 1.\7\
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\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 102590, 90 FR 12425
(Mar. 17, 2025) (designating May 13, 2025, as the date by which the
Commission shall either approve, disapprove, or institute
proceedings to determine whether to disapprove the proposed rule
change, as modified by Amendment No. 1).
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 103031, 90 FR 21366
(May 19, 2025).
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Section 19(b)(2) of the Act \8\ provides that, after initiating
proceedings, the Commission shall issue an order
[[Page 36217]]
approving or disapproving the proposed rule change not later than 180
days after the date of publication of notice of filing of the proposed
rule change. The Commission may extend the period for issuing an order
approving or disapproving the proposed rule change, however, by not
more than 60 days if the Commission determines that a longer period is
appropriate and publishes the reasons for such determination. The
proposed rule change was published for comment in the Federal Register
on February 12, 2025.\9\ The 180th day after publication of the
proposed rule change is August 11, 2025. The Commission is extending
the time period for approving or disapproving the proposed rule change
for an additional 60 days.
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\8\ 15 U.S.C. 78s(b)(2).
\9\ See supra note 3 and accompanying text.
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The Commission finds it appropriate to designate a longer period
within which to issue an order approving or disapproving 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,\10\ designates October 10,
2025, as the date by which the Commission shall either approve or
disapprove the proposed rule change, as modified by Amendment No. 1
(File No. SR-NYSEARCA-2025-05).
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\10\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
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\11\ 17 CFR 200.30-3(a)(57).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-14566 Filed 7-31-25; 8:45 am]
BILLING CODE 8011-01-P
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