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Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Withdrawal of Proposed Rule Change To Amend ISE Options 4, Section 3 To List and Trade Options on Units That Represent Interests in a Trust That Holds Bitcoin

Securities and Exchange Commission [Release No. 34-100738; File No. SR-ISE-2024-14] Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 ("Act") [ 1 ] and Rule 19...

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Securities and Exchange Commission
  1. [Release No. 34-100738; File No. SR-ISE-2024-14]

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) [1] and Rule 19b-4 thereunder,[2] Nasdaq ISE, LLC (“Exchange”) filed with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend Options 4, Section 3(h) to allow the Exchange to list and trade options on units that represent interests in a trust that holds bitcoin (“Proposal”).

On March 25, 2024, the Proposal was published for comment in the Federal Register .[3] On April 24, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act [4] to determine whether to approve or disapprove the Proposal.[5] The Commission received comments addressing the Proposal.[6]

On July 19, 2024, the Commission designated a longer time for Commission action on the Proposal.[7] On August 13, 2024, the Exchange withdrew the Proposal (SR-ISE-2024-14).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.[8]

August 15, 2024.

Sherry R. Haywood,

Assistant Secretary.

Footnotes

3.   See Securities Exchange Act Release No. 99776 (Mar. 19, 2024), 89 FR 20717.

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

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

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[FR Doc. 2024-18703 Filed 8-20-24; 8:45 am]

BILLING CODE 8011-01-P

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89 FR 67682

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“Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Withdrawal of Proposed Rule Change To Amend ISE Options 4, Section 3 To List and Trade Options on Units That Represent Interests in a Trust That Holds Bitcoin,” thefederalregister.org (August 21, 2024), https://thefederalregister.org/documents/2024-18703/self-regulatory-organizations-nasdaq-ise-llc-notice-of-withdrawal-of-proposed-rule-change-to-amend-ise-options-4-section.