Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Permit Cboe To List and Trade Options on ETPs That Hold Bitcoin, 66161 [2024-18076]

Download as PDF Federal Register / Vol. 89, No. 157 / Wednesday, August 14, 2024 / Notices dealers that act as their order-routing agents, have a wide range of choices of where to route orders for execution’; [and] ‘no exchange can afford to take its market share percentages for granted’ because ‘no exchange possesses a monopoly, regulatory or otherwise, in the execution of order flow from broker dealers’. . . .’’.12 Accordingly, the Exchange does not believe its proposed fee change imposes any burden on competition that is not necessary or appropriate in furtherance of the purposes of the Act. C. Self-Regulatory Organization’s Statement on Comments on the Proposed Rule Change Received From Members, Participants, or Others The Exchange neither solicited nor received comments on the proposed rule change. III. Date of Effectiveness of the Proposed Rule Change and Timing for Commission Action The foregoing rule change has become effective pursuant to Section 19(b)(3)(A) of the Act 13 and paragraph (f) of Rule 19b–4 14 thereunder. 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. If the Commission takes such action, the Commission will institute proceedings to determine whether the proposed rule change should be approved or disapproved. 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: ddrumheller on DSK120RN23PROD with NOTICES1 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– CboeEDGX–2024–050 on the subject line. 12 NetCoalition v. SEC, 615 F.3d 525, 539 (D.C. Cir. 2010) (quoting Securities Exchange Act Release No. 59039 (December 2, 2008), 73 FR 74770, 74782– 83 (December 9, 2008) (SR–NYSEArca–2006–21)). 13 15 U.S.C. 78s(b)(3)(A). 14 17 CFR 240.19b–4(f). VerDate Sep<11>2014 18:22 Aug 13, 2024 Jkt 262001 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–CboeEDGX–2024–050. 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–CboeEDGX–2024–050, and should be submitted on or before September 4, 2024. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.15 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–18071 Filed 8–13–24; 8:45 am] BILLING CODE 8011–01–P 15 17 PO 00000 CFR 200.30–3(a)(12). Frm 00132 Fmt 4703 Sfmt 9990 66161 SECURITIES AND EXCHANGE COMMISSION [Release No. 34–100678; File No. SR– CBOE–2024–005] Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Withdrawal of Proposed Rule Change To Permit Cboe To List and Trade Options on ETPs That Hold 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 Cboe Exchange, Inc. (‘‘Cboe’’) filed with the Securities and Exchange Commission (‘‘Commission’’) a proposed rule change to permit Cboe to list and trade options on exchangetraded product shares that hold bitcoin (‘‘Proposal’’). On January 25, 2024, the Proposal was published for comment in the Federal Register.3 On March 6, 2024, pursuant to Section 19(b)(2) of the Act,4 the Commission designated a longer period within which to approve the Proposal, disapprove the Proposal, or institute proceedings to determine whether to disapprove the Proposal.5 On April 24, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act 6 to determine whether to approve or disapprove the Proposal.7 The Commission received comments addressing the Proposal.8 On July 19, 2024, the Commission designated a longer time for Commission action on the Proposal.9 On August 2, 2024, Cboe withdrew the Proposal (SR–CBOE– 2024–005). For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.10 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–18076 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. 99395 (Jan. 19, 2024), 89 FR 5075 (SR–CBOE–2024–005). 4 15 U.S.C. 78s(b)(2). 5 See Securities Exchange Act Release No. 99680 (Mar. 6, 2024), 89 FR 17887 (Mar. 12, 2024). 6 15 U.S.C. 78s(b)(2)(B). 7 See Securities Exchange Act Release No. 100024 (Apr. 24, 2024), 89 FR 34290 (Apr. 30, 2024). 8 Comment letters on the Proposal are available at https://www.sec.gov/comments/sr-cboe-2024-005/ srcboe2024005.htm. 9 See Securities Exchange Act Release No. 100567 (Jul. 19, 2024), 89 FR 60482 (Jul. 25, 2024). 10 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 66161]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18076]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100678; File No. SR-CBOE-2024-005]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Withdrawal of Proposed Rule Change To Permit Cboe To List and Trade 
Options on ETPs That Hold 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\ Cboe Exchange, Inc. 
(``Cboe'') filed with the Securities and Exchange Commission 
(``Commission'') a proposed rule change to permit Cboe to list and 
trade options on exchange-traded product shares that hold bitcoin 
(``Proposal'').
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    On January 25, 2024, the Proposal was published for comment in the 
Federal Register.\3\ On March 6, 2024, pursuant to Section 19(b)(2) of 
the Act,\4\ the Commission designated a longer period within which to 
approve the Proposal, disapprove the Proposal, or institute proceedings 
to determine whether to disapprove the Proposal.\5\ On April 24, 2024, 
the Commission instituted proceedings under Section 19(b)(2)(B) of the 
Act \6\ to determine whether to approve or disapprove the Proposal.\7\ 
The Commission received comments addressing the Proposal.\8\ On July 
19, 2024, the Commission designated a longer time for Commission action 
on the Proposal.\9\ On August 2, 2024, Cboe withdrew the Proposal (SR-
CBOE-2024-005).
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    \3\ See Securities Exchange Act Release No. 99395 (Jan. 19, 
2024), 89 FR 5075 (SR-CBOE-2024-005).
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 99680 (Mar. 6, 
2024), 89 FR 17887 (Mar. 12, 2024).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100024 (Apr. 24, 
2024), 89 FR 34290 (Apr. 30, 2024).
    \8\ Comment letters on the Proposal are available at https://www.sec.gov/comments/sr-cboe-2024-005/srcboe2024005.htm.
    \9\ 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.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18076 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P

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