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Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust

Securities and Exchange Commission [Release No. 34-86995; File No. SR-CboeBZX-2019-004] On January 30, 2019, Cboe BZX Exchange, Inc. ("BZX") filed with the Securities and Exchan...

Securities and Exchange Commission
  1. [Release No. 34-86995; File No. SR-CboeBZX-2019-004]

On January 30, 2019, Cboe BZX Exchange, Inc. (“BZX”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) [1] and Rule 19b-4 thereunder,[2] a proposed rule change to list and trade SolidX Bitcoin Shares issued by the VanEck SolidX Bitcoin Trust under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares. The proposed rule change was published for comment in the Federal Register on February 20, 2019.[3]

On March 29, 2019, 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 May 20, 2019, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act [6] to determine whether to approve or disapprove the proposed rule change.[7] On August 12, 2019, the Commission further extended the period for consideration of the proposed rule change to October 18, 2019.[8]

On September 13, 2019, BZX withdrew the proposed rule change (SR-CboeBZX-2019-004).

September 17, 2019.

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[9]

Jill M. Peterson,

Assistant Secretary.

Footnotes

3.   See Securities Exchange Act Release No. 85119 (Feb. 13, 2019), 84 FR 5140 (Feb. 20, 2019).

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5.   See Securities Exchange Act Release No. 85475 (Mar. 29, 2019), 84 FR 13345 (Apr. 4, 2019). The Commission designated May 21, 2019, as the date by which it should approve, disapprove, or institute proceedings to determine whether to disapprove the proposed rule change.

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7.   See Securities Exchange Act Release No. 85896 (May 20, 2019), 84 FR 24188 (May 24, 2019).

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8.   See Securities Exchange Act Release No. 86630 (Aug. 12, 2019), 84 FR 42035 (Aug. 16, 2019).

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[FR Doc. 2019-20475 Filed 9-20-19; 8:45 am]

BILLING CODE 8011-01-P

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Federal Register Citation

Use this for formal legal and research references to the published document.

84 FR 49782

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“Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Withdrawal of a Proposed Rule Change To List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust,” thefederalregister.org (September 23, 2019), https://thefederalregister.org/documents/2019-20475/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-withdrawal-of-a-proposed-rule-change-to-list-and-trade-sha.