Self-Regulatory Organizations; BOX Exchange LLC; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Trust That Holds Bitcoin, 66152 [2024-18075]

Download as PDF 66152 Federal Register / Vol. 89, No. 157 / Wednesday, August 14, 2024 / Notices public interest, it has become effective pursuant to Section 19(b)(3)(A)(iii) of the Act 13 and Rule 19b–4(f)(6) 14 thereunder. A proposed rule change filed under Rule 19b–4(f)(6) 15 normally does not become operative prior to 30 days after the date of the filing. However, pursuant to Rule 19b–4(f)(6)(iii),16 the Commission may designate a shorter time if such action is consistent with the protection of investors and the public interest. The Exchange has asked the Commission to waive the 30-day operative delay so that the proposed rule change may become operative upon filing. The Commission believes that waiver of the 30-day operative delay is consistent with the protection of investors and the public interest because it would clarify the definition of the CUBE BBO and the circumstances under which price improvement over displayed Customer interest is required, thus improving the accuracy and comprehensibility of the Rule, without undue delay. For these reasons, and because the proposal does not raise any new or novel issues, the Commission hereby waives the 30-day operative delay and designates the proposal operative upon filing.17 At any time within 60 days of the filing of the proposed rule change, the Commission summarily may temporarily suspend such rule change if it appears to the Commission that such action is necessary or appropriate in the public interest, for the protection of investors, or otherwise in furtherance of the purposes of the Act. IV. Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. Comments may be submitted by any of the following methods: 13 15 U.S.C. 78s(b)(3)(A)(iii). CFR 240.19b–4(f)(6). In addition, Rule 19b– 4(f)(6) requires a self-regulatory organization to give the Commission written notice of its intent to file the proposed rule change, along with a brief description and text of the proposed rule change, at least five business days prior to the date of filing of the proposed rule change, or such shorter time as designated by the Commission. The Exchange has satisfied this requirement. 15 17 CFR 240.19b–4(f)(6). 16 17 CFR 240.19b–4(f)(6)(iii). 17 For purposes only of waiving the 30-day operative delay, the Commission has also considered the proposed rule’s impact on efficiency, competition, and capital formation. See 15 U.S.C. 78c(f). ddrumheller on DSK120RN23PROD with NOTICES1 14 17 VerDate Sep<11>2014 18:22 Aug 13, 2024 Jkt 262001 Electronic Comments • Use the Commission’s internet comment form (https://www.sec.gov/ rules/sro.shtml); or • Send an email to rule-comments@ sec.gov. Please include file number SR– NYSEAMER–2024–46 on the subject line. Paper Comments • Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to file number SR–NYSEAMER–2024–46. This file number should be included on the subject line if email is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s internet website (https://www.sec.gov/ rules/sro.shtml). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the 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 principal office of the Exchange. 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 SR–NYSEAMER–2024–46 and should be submitted on or before September 4, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.18 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–18072 Filed 8–13–24; 8:45 am] BILLING CODE 8011–01–P 18 17 PO 00000 CFR 200.30–3(a)(12), (59). Frm 00123 Fmt 4703 Sfmt 9990 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100677; File No. SR–BOX– 2024–07] Self-Regulatory Organizations; BOX Exchange LLC; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Trust That Holds Bitcoin August 8, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’) 1 and Rule 19b–4 thereunder,2 BOX Exchange LLC (‘‘BOX’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change to permit the Exchange to list and trade options on exchange-traded fund shares that represent interests in a trust that holds bitcoin (‘‘Proposal’’). On March 25, 2024, the Proposal was published for comment in the Federal Register.3 On April 24, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act 4 to determine whether to approve or disapprove the Proposal.5 The Commission received comments addressing the Proposal.6 On July 19, 2024, the Commission designated a longer time for Commission action on the Proposal.7 On August 6, 2024, BOX withdrew the Proposal (SR–BOX–2024–07). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.8 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–18075 Filed 8–13–24; 8:45 am] BILLING CODE 8011–01–P 1 15 U.S.C. 78s(b)(1). CFR 240.19b–4. 3 See Securities Exchange Act Release No. 99777(Jan. 19, 2024), 89 FR 20712 (SR–BOX–2024– 07). 4 15 U.S.C. 78s(b)(2)(B). 5 See Securities Exchange Act Release No. 100024 (Apr. 24, 2024), 89 FR 34290 (Apr. 30, 2024). 6 Comment letters on the Proposal are available at https://www.sec.gov/comments/sr-box-2024-07/ srbox202407.htm. 7 See Securities Exchange Act Release No. 100567 (Jul. 19, 2024), 89 FR 60482 (Jul. 25, 2024). 8 17 CFR 200.30–3(a)(12). 2 17 E:\FR\FM\14AUN1.SGM 14AUN1

Agencies

SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Notices]
[Page 66152]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18075]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100677; File No. SR-BOX-2024-07]


Self-Regulatory Organizations; BOX Exchange LLC; Notice of 
Withdrawal of Proposed Rule Change To Permit the Exchange To List and 
Trade Options on Exchange-Traded Fund Shares That Represent Interests 
in a Trust That Holds Bitcoin

August 8, 2024.
    Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 
(``Act'') \1\ and Rule 19b-4 thereunder,\2\ BOX Exchange LLC (``BOX'') 
filed with the Securities and Exchange Commission (``Commission'') a 
proposed rule change to permit the Exchange to list and trade options 
on exchange-traded fund shares that represent interests in a trust that 
holds bitcoin (``Proposal'').
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------

    On March 25, 2024, the Proposal was published for comment in the 
Federal Register.\3\ On April 24, 2024, the Commission instituted 
proceedings under Section 19(b)(2)(B) of the Act \4\ to determine 
whether to approve or disapprove the Proposal.\5\ The Commission 
received comments addressing the Proposal.\6\
---------------------------------------------------------------------------

    \3\ See Securities Exchange Act Release No. 99777(Jan. 19, 
2024), 89 FR 20712 (SR-BOX-2024-07).
    \4\ 15 U.S.C. 78s(b)(2)(B).
    \5\ See Securities Exchange Act Release No. 100024 (Apr. 24, 
2024), 89 FR 34290 (Apr. 30, 2024).
    \6\ Comment letters on the Proposal are available at https://www.sec.gov/comments/sr-box-2024-07/srbox202407.htm.
---------------------------------------------------------------------------

    On July 19, 2024, the Commission designated a longer time for 
Commission action on the Proposal.\7\ On August 6, 2024, BOX withdrew 
the Proposal (SR-BOX-2024-07).
---------------------------------------------------------------------------

    \7\ See Securities Exchange Act Release No. 100567 (Jul. 19, 
2024), 89 FR 60482 (Jul. 25, 2024).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\8\
---------------------------------------------------------------------------

    \8\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------

Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18075 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.