34 95257 PDF

Download as pdf or txt
Download as pdf or txt
You are on page 1of 2

SECURITIES AND EXCHANGE COMMISSION

(Release No. 34-95257; File No. SR-CboeBZX-2022-031)

July 12, 2022

Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer


Period for Commission Action on a Proposed Rule Change to List and Trade Shares of the ARK
21Shares Bitcoin ETF under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares

On May 13, 2022, 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 (“Act”)1 and Rule 19b-4 thereunder,2 a proposed rule change to list and trade shares

of the ARK 21Shares Bitcoin ETF under BZX Rule 14.11(e)(4), Commodity-Based Trust

Shares. The proposed rule change was published for comment in the Federal Register on June 1,

2022.3 The Commission has received no comments on the proposed rule change.

Section 19(b)(2) of the Act4 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 (i) as the

Commission may designate if it finds such longer period to be appropriate and publishes its

reasons for so finding or (ii) 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 July 16, 2022. The

Commission is extending this 45-day time period.

1
15 U.S.C. 78s(b)(1).
2
17 CFR 240.19b-4.
3
See Securities Exchange Act Release No. 94982 (May 25, 2022), 87 FR 33250.
4
15 U.S.C. 78s(b)(2).
The Commission finds that it is 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, pursuant to Section 19(b)(2) of the Act,5

the Commission designates August 30, 2022, 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-CboeBZX-2022-031).

For the Commission, by the Division of Trading and Markets, pursuant to delegated

authority.6

J. Matthew DeLesDernier,
Assistant Secretary.

5
Id.
6
17 CFR 200.30-3(a)(31).
2

You might also like