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Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Trust That Holds Bitcoin

Securities and Exchange Commission [Release No. 34-100676; File No. SR-PEARL-2024-03] August 8, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ("Act")...

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Securities and Exchange Commission
  1. [Release No. 34-100676; File No. SR-PEARL-2024-03]
August 8, 2024.

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) [1] and Rule 19b-4 thereunder,[2] MIAX PEARL, LLC (“MIAX Pearl”) filed with the Securities and Exchange Commission (“Commission”) a proposed rule change to permit the Exchange to list and trade options on exchange-traded fund shares that represent interests in a trust that holds 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 1, 2024, MIAX Pearl withdrew the Proposal (SR-PEARL-2024-03).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[10]

Sherry R. Haywood,

Assistant Secretary.

Footnotes

3.   See Securities Exchange Act Release No. 99394 (Jan. 19, 2024), 89 FR 5058 (SR-PEARL-2024-03).

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5.   See Securities Exchange Act Release No. 99682 (Mar. 6, 2024), 89 FR 17887 (Mar. 12, 2024).

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7.   See Securities Exchange Act Release No. 100024 (Apr. 24, 2024), 89 FR 34290 (Apr. 30, 2024).

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9.   See Securities Exchange Act Release No. 100567 (Jul. 19, 2024), 89 FR 60482 (Jul. 25, 2024).

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[FR Doc. 2024-18074 Filed 8-13-24; 8:45 am]

BILLING CODE 8011-01-P

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89 FR 66162

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“Self-Regulatory Organizations; MIAX PEARL, LLC; Notice of Withdrawal of Proposed Rule Change To Permit the Exchange To List and Trade Options on Exchange-Traded Fund Shares That Represent Interests in a Trust That Holds Bitcoin,” thefederalregister.org (August 14, 2024), https://thefederalregister.org/documents/2024-18074/self-regulatory-organizations-miax-pearl-llc-notice-of-withdrawal-of-proposed-rule-change-to-permit-the-exchange-to-list.