Federal Register / Vol. 89, No. 247 / Thursday, December 26, 2024 / Notices 105143 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 100460 

(July 3, 2024), 89 FR 56447. Comments on the 

proposed rule change are available at: https://

www.sec.gov/comments/sr-nyse-2024-35/ 

srnyse202435.htm. 

4 15 U.S.C. 78s(b)(2). 

5See Securities Exchange Act Release No. 

100790, 89 FR 68676 (Aug. 27, 2024). The 

Commission designated October 7, 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). 

7See Securities Exchange Act Release No. 

101257, 89 FR 82277 (Oct. 10, 2024). 

8 15 U.S.C. 78s(b)(2). 

9See supra note 3 and accompanying text. 

10 15 U.S.C. 78s(b)(2). 

11 17 CFR 200.30–3(a)(57). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 99306 

(January 10, 2024), 89 FR 3008, (January 17, 2024) 

(SR–NYSEArca–2021–90; SR–NYSEArca–2023–44; 

SR–NYSEArca–2023–58; SRNASDAQ–2023–016; 

SR–NASDAQ–2023–019; SR–CboeBZX–2023–028; 

SR–CboeBZX–2023–038; SR–CboeBZX–2023–040; 

SR–CboeBZX–2023–042; SR–CboeBZX–2023–044; 

and SR–CboeBZX–2023–072) (Order Granting 

Accelerated Approval of Proposed Rule Changes, as 

Continued 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101968; File No. SR–NYSE– 

2024–35] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Notice of 

Designation of a Longer Period for 

Commission Action on Proceedings To 

Determine Whether To Approve or 

Disapprove a Proposed Rule Change 

To Amend Section 302.00 of the NYSE 

Listed Company Manual To Exempt 

Closed-End Funds Registered Under 

the Investment Company Act of 1940 

From the Requirement To Hold Annual 

Shareholder Meetings 

December 18, 2024. 

On June 21, 2024, New York Stock 

Exchange LLC (‘‘NYSE’’) 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 Section 302.00 of the NYSE 

Listed Company Manual to exempt 

closed-end funds registered under the 

Investment Company Act of 1940 from 

the requirement to hold annual 

shareholder meetings. The proposed 

rule change was published for comment 

in the Federal Register on July 9, 2024.3

On August 21, 2024, pursuant to 

Section 19(b)(2) of the Exchange 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 October 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

Section 19(b)(2) of the Act 8 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 July 9, 2024.9

The 180th day after publication of the 

proposed rule change is January 5, 2025. 

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, 

the issues raised therein, and the 

comments received. Accordingly, the 

Commission, pursuant to Section 

19(b)(2) of the Act,10 designates March 

6, 2025, as the date by which the 

Commission shall either approve or 

disapprove the proposed rule change 

(File No. SR–NYSE–2024–35). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.11

J. Matthew DeLesDernier, 

Deputy Secretary. 

[FR Doc. 2024–30688 Filed 12–23–24; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–101973; File No. SR– 

MEMX–2024–47] 

Self-Regulatory Organizations; MEMX 

LLC; Notice of Filing and Immediate 

Effectiveness of a Proposed Rule 

Change To Amend Exchange Rule 

19.3, Criteria for Underlying Securities, 

To List and Trade Options on the 

Grayscale Bitcoin Trust, the Grayscale 

Bitcoin Mini Trust, and the Bitwise 

Bitcoin ETF 

December 19, 2024. 

Pursuant to Section 19(b)(1) of the 

Securities Exchange Act of 1934 

(‘‘Act’’),1 and Rule 19b–4 thereunder,2

notice is hereby given that on December 

12, 2024, MEMX LLC (‘‘MEMX’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission 

(‘‘Commission’’) the proposed rule 

change as described in Items I and II 

below, which Items have been prepared 

by the Exchange. The Commission is 

publishing this notice to solicit 

comments on the proposed rule change 

from interested persons. 

I. Self-Regulatory Organization’s 

Statement of the Terms of Substance of 

the Proposed Rule Change 

The Exchange is filing with the 

Commission a proposed rule change to 

amend Rule 19.3, Criteria for 

Underlying Securities. The text of the 

proposed rule change is provided in 

Exhibit 5. 

II. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

In its filing with the Commission, the 

Exchange included statements 

concerning the purpose of and basis for 

the proposed rule change and discussed 

any comments it received on the 

proposed rule change. The text of these 

statements may be examined at the 

places specified in Item IV below. The 

Exchange has prepared summaries, set 

forth in sections A, B, and C below, of 

the most significant aspects of such 

statements. 

A. Self-Regulatory Organization’s 

Statement of the Purpose of, and 

Statutory Basis for, the Proposed Rule 

Change 

1. Purpose 

The Exchange proposes to amend 

Rule 19.3 regarding the criteria for 

underlying securities. Specifically, the 

Exchange proposes to amend Rule 

19.3(i) to allow the Exchange to list and 

trade options on shares or other 

securities (‘‘Fund Shares’’) that are 

principally traded on a national 

securities exchange and are defined as 

an ‘‘NMS stock’’ under Rule 600 of 

Regulation NMS and that represent 

interests in the Grayscale Bitcoin Trust 

(the ‘‘Grayscale Fund’’), the Grayscale 

Bitcoin Mini Trust (the ‘‘Grayscale Mini 

Fund’’), or the Bitwise Bitcoin ETF (the 

‘‘Bitwise Fund’’ and, together with the 

Grayscale Fund, and the Grayscale Mini 

Fund, the ‘‘Bitcoin Funds’’).3 This is a 


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