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[Federal Register Volume 89, Number 246 (Monday, December 23, 2024)]
[Notices]
[Page 104581]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30523]

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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-101939; File No. SR-NYSEARCA-2024-87]

Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change To Adopt New NYSE Arca Rule 8.800-E To Provide for the Listing 
and Trading of Commodity- and/or Digital Asset-Based Investment 
Interests and To List and Trade Shares of the Grayscale Digital Large 
Cap Fund LLC

December 17, 2024.
    On October 15, 2024, NYSE Arca, Inc. 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 adopt new NYSE Arca Rule 
8.800-E to provide for the listing and trading of Commodity- and 
Digital Asset-Based Investment Interests and to list and trade shares 
of the Grayscale Digital Large Cap Fund LLC under proposed NYSE Arca 
Rule 8.800-E. The proposed rule change was published for comment in the 
Federal Register on November 4, 2024.\3\ The Commission has received no 
comment letters on the proposed rule change.
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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. 101470 (Oct. 29, 
2024), 89 FR 87681.
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    Section 19(b)(2) of the Act \4\ 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 proposed rule change should be disapproved. The 
45th day after publication of the notice for this proposed rule change 
is December 19, 2024. The Commission is extending this 45-day time 
period.
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    \4\ 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 and the issues 
raised therein. Accordingly, the Commission, pursuant to Section 
19(b)(2) of the Act,\5\ designates February 2, 2025, 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-NYSEARCA-2024-87).
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    \5\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-30523 Filed 12-20-24; 8:45 am]
BILLING CODE 8011-01-P
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