Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a 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 Ethereum Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), 33414 [2024-09079]
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33414
Federal Register / Vol. 89, No. 83 / Monday, April 29, 2024 / Notices
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549 on official
business days between the hours of 10
a.m. and 3 p.m. Copies of the filing also
will be available for inspection and
copying at the Participants’ principal
offices. Do not include personal
identifiable information in submissions;
you should submit only information
that you wish to make available
publicly. We may redact in part or
withhold entirely from publication
submitted material that is obscene or
subject to copyright protection. All
submissions should refer to file number
4–757 and should be submitted on or
before May 20, 2024. Rebuttal comments
should be submitted by June 3, 2024.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.30
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–09067 Filed 4–26–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100014; File No. SR–
NYSEArca–2023–70]
Self-Regulatory Organizations; NYSE
Arca, Inc.; Notice of Designation of a
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 Ethereum
Trust Under NYSE Arca Rule 8.201–E
(Commodity-Based Trust Shares)
khammond on DSKJM1Z7X2PROD with NOTICES
April 23, 2024.
On October 10, 2023, NYSE Arca, Inc.
(‘‘NYSE Arca’’ or ‘‘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 list and trade shares
(‘‘Shares’’) of the Grayscale Ethereum
Trust (‘‘Trust’’) under NYSE Arca Rule
8.201–E (Commodity-Based Trust
Shares). The proposed rule change was
published for comment in the Federal
Register on October 27, 2023.3
30 17
CFR 200.30–3(a)(85).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 98780
(Oct. 23, 2023), 88 FR 73892. Comments on the
proposed rule change are available at: https://
www.sec.gov/comments/sr-nysearca-2023-70/srny
searca202370.htm.
1 15
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On December 5, 2023, pursuant to
section 19(b)(2) of the 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 January 25,
2024, the Commission instituted
proceedings under section 19(b)(2)(B) of
the Act 6 to determine whether to
approve or disapprove the proposed
rule change.7 On March 15, 2024, the
Exchange filed Amendment No. 1,
which replaced and superseded the
proposed rule change in its entirety. On
April 2, 2024, the Commission
published notice of Amendment No. 1
to the proposed rule change.8
Section 19(b)(2) of the Act 9 provides
that, after initiating proceedings, the
Commission shall issue an order
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 October 27,
2023.10 The 180th day after publication
of the proposed rule change is April 24,
2024. The Commission is extending the
time period for approving or
disapproving the proposed rule change
for an additional 60 days.
The Commission finds that it is
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, as
modified by Amendment No. 1, and the
issues raised therein. Accordingly, the
Commission, pursuant to section
19(b)(2) of the Act,11 designates June 23,
2024, as the date by which the
Commission shall either approve or
disapprove the proposed rule change, as
U.S.C. 78s(b)(2).
Securities Exchange Act Release No. 99082,
88 FR 85962 (Dec. 11, 2023). The Commission
designated January 25, 2024, as the date by which
the Commission shall approve or disapprove, or
institute proceedings to determine whether to
disapprove, the proposed rule change.
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 99428,
89 FR 6155 (Jan. 31, 2024).
8 See Securities Exchange Act Release No. 99887,
89 FR 24534 (Apr. 8, 2024).
9 15 U.S.C. 78s(b)(2).
10 See supra note 3 and accompanying text.
11 15 U.S.C. 78s(b)(2).
modified by Amendment No. 1 (File No.
SR–NYSEArca–2023–70).
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.12
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024–09079 Filed 4–26–24; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
[Release No. 34–100016; File No. SR–
NASDAQ–2023–045]
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing of Amendment No. 1 to a
Proposed Rule Change To List and
Trade Shares of the iShares Ethereum
Trust Under Nasdaq Rule 5711(d),
Commodity-Based Trust Shares
April 23, 2024.
On November 21, 2023, The Nasdaq
Stock Market LLC (‘‘Nasdaq’’ or
‘‘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
list and trade shares (‘‘Shares’’) of the
iShares Ethereum Trust (‘‘Trust’’) under
Nasdaq Rule 5711(d), Commodity-Based
Trust Shares. The proposed rule change
was published for comment in the
Federal Register on December 11,
2023.3
On January 24, 2024, pursuant to
section 19(b)(2) of the 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 March 4,
2024, the Commission instituted
proceedings under section 19(b)(2)(B) of
the Act 6 to determine whether to
approve or disapprove the proposed
rule change.7 On April 19, 2024, the
Exchange filed Amendment No. 1 to the
proposed rule change, which replaced
4 15
5 See
PO 00000
Frm 00103
Fmt 4703
Sfmt 4703
12 17
CFR 200.30–3(a)(57).
U.S.C. 78s(b)(1).
2 17 CFR 240.19b–4.
3 See Securities Exchange Act Release No. 99081
(Dec. 5, 2023), 88 FR 85945. Comments on the
proposed rule change are available at: https://
www.sec.gov/comments/sr-nasdaq-2023-045/
srnasdaq2023045.htm.
4 15 U.S.C. 78s(b)(2).
5 See Securities Exchange Act Release No. 99419,
89 FR 5970 (Jan. 30, 2024).
6 15 U.S.C. 78s(b)(2)(B).
7 See Securities Exchange Act Release No. 99665,
89 FR 16811 (Mar. 8, 2024).
1 15
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]]>Agencies
[Federal Register Volume 89, Number 83 (Monday, April 29, 2024)]
[Notices]
[Page 33414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09079]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-100014; File No. SR-NYSEArca-2023-70]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of
Designation of a 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
Ethereum Trust Under NYSE Arca Rule 8.201-E (Commodity-Based Trust
Shares)
April 23, 2024.
On October 10, 2023, NYSE Arca, Inc. (``NYSE Arca'' or
``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 list and trade shares (``Shares'') of the
Grayscale Ethereum Trust (``Trust'') under NYSE Arca Rule 8.201-E
(Commodity-Based Trust Shares). The proposed rule change was published
for comment in the Federal Register on October 27, 2023.\3\
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
\3\ See Securities Exchange Act Release No. 98780 (Oct. 23,
2023), 88 FR 73892. Comments on the proposed rule change are
available at: https://www.sec.gov/comments/sr-nysearca-2023-70/srnysearca202370.htm.
---------------------------------------------------------------------------
On December 5, 2023, pursuant to section 19(b)(2) of the 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 January 25, 2024, the Commission instituted proceedings
under section 19(b)(2)(B) of the Act \6\ to determine whether to
approve or disapprove the proposed rule change.\7\ On March 15, 2024,
the Exchange filed Amendment No. 1, which replaced and superseded the
proposed rule change in its entirety. On April 2, 2024, the Commission
published notice of Amendment No. 1 to the proposed rule change.\8\
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78s(b)(2).
\5\ See Securities Exchange Act Release No. 99082, 88 FR 85962
(Dec. 11, 2023). The Commission designated January 25, 2024, as the
date by which the Commission shall approve or disapprove, or
institute proceedings to determine whether to disapprove, the
proposed rule change.
\6\ 15 U.S.C. 78s(b)(2)(B).
\7\ See Securities Exchange Act Release No. 99428, 89 FR 6155
(Jan. 31, 2024).
\8\ See Securities Exchange Act Release No. 99887, 89 FR 24534
(Apr. 8, 2024).
---------------------------------------------------------------------------
Section 19(b)(2) of the Act \9\ provides that, after initiating
proceedings, the Commission shall issue an order 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 October 27,
2023.\10\ The 180th day after publication of the proposed rule change
is April 24, 2024. The Commission is extending the time period for
approving or disapproving the proposed rule change for an additional 60
days.
---------------------------------------------------------------------------
\9\ 15 U.S.C. 78s(b)(2).
\10\ See supra note 3 and accompanying text.
---------------------------------------------------------------------------
The Commission finds that it is 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, as modified by Amendment No. 1, and the issues
raised therein. Accordingly, the Commission, pursuant to section
19(b)(2) of the Act,\11\ designates June 23, 2024, 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-2023-70).
---------------------------------------------------------------------------
\11\ 15 U.S.C. 78s(b)(2).
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\12\
---------------------------------------------------------------------------
\12\ 17 CFR 200.30-3(a)(57).
---------------------------------------------------------------------------
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-09079 Filed 4-26-24; 8:45 am]
BILLING CODE 8011-01-P
