[Federal Register Volume 89, Number 201 (Thursday, October 17, 2024)]
[Notices]
[Pages 83723-83724]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-23982]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101321; File No. SR-CBOE-2024-036]


Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Amend Exchange Rule 4.3 To List and Trade Options on Units 
That Represent Interests in Ethereum Exchange-Traded Products

October 11, 2024.
    On August 19, 2024, Cboe Exchange, Inc. (``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 Exchange 
Rule 4.3 regarding the criteria for underlying securities. 
Specifically, the Exchange proposes to amend Exchange Rule 4.3, 
Interpretation and Policy .06(a)(4) to allow the Exchange to list and 
trade options on Units \3\ that represent interests in the following 
exchange-traded products: the Fidelity Ethereum Fund, the 21Shares Core 
Ethereum ETF, the Invesco Galaxy Ethereum ETF, the Franklin Ethereum 
ETF, the VanEck Ethereum Trust, the Grayscale Ethereum Trust, the 
Grayscale Mini Ethereum Trust, the Bitwise Ethereum ETF, and the 
iShares Ethereum Trust ETF, designating them as Units deemed 
appropriate for options trading on the Exchange. The proposed rule 
change was published for comment in the Federal Register on September 
4, 2024.\4\ The Commission received no comment letters regarding the 
proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ Exchange Rule 1.1 defines a ``Unit'' (which may also be 
referred to as an exchange-traded fund (``ETF'')) as a share or 
other security traded on a national securities exchange and defined 
as an NMS stock as set forth in Rule 4.3.
    \4\ See Securities Exchange Act Release No. 100862 (Aug. 28, 
2024), 89 FR 72146.
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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

[[Page 83724]]

proposed rule change should be disapproved. The 45th day after 
publication of the notice for this proposed rule change is October 19, 
2024. 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. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\6\ designates 
December 3, 2024 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-CBOE-2024-036).
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    \6\ Id.

    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. 2024-23982 Filed 10-16-24; 8:45 am]
BILLING CODE 8011-01-P