[Federal Register Volume 89, Number 157 (Wednesday, August 14, 2024)]
[Notices]
[Page 66162]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-18074]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-100676; File No. SR-PEARL-2024-03]


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

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'').
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
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    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).
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    \3\ See Securities Exchange Act Release No. 99394 (Jan. 19, 
2024), 89 FR 5058 (SR-PEARL-2024-03).
    \4\ 15 U.S.C. 78s(b)(2).
    \5\ See Securities Exchange Act Release No. 99682 (Mar. 6, 
2024), 89 FR 17887 (Mar. 12, 2024).
    \6\ 15 U.S.C. 78s(b)(2)(B).
    \7\ See Securities Exchange Act Release No. 100024 (Apr. 24, 
2024), 89 FR 34290 (Apr. 30, 2024).
    \8\ Comment letters on the Proposal are available at http://www.sec.gov/comments/sr-pearl-2024-03/srpearl202403.htm.
    \9\ See Securities Exchange Act Release No. 100567 (Jul. 19, 
2024), 89 FR 60482 (Jul. 25, 2024).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\10\
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    \10\ 17 CFR 200.30-3(a)(12).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-18074 Filed 8-13-24; 8:45 am]
BILLING CODE 8011-01-P