[Federal Register Volume 90, Number 50 (Monday, March 17, 2025)]
[Notices]
[Pages 12422-12423]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-04236]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-102608; File No. SR-CboeBZX-2025-012]


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 Bitwise Solana ETF Under BZX 
Rule 14.11(e)(4), Commodity-Based Trust Shares

March 11, 2025.
    On January 28, 2025, Cboe BZX Exchange, Inc. (``BZX'') filed with 
the Securities and Exchange Commission (the ``Commission''), pursuant 
to Section 19(b)(1) \1\ of the Securities Exchange Act of 1934 
(``Act'') \2\ and Rule 19b-4 thereunder,\3\ a proposed rule change to 
list and trade shares of the Bitwise Solana 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 February 18, 2025.\4\
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 15 U.S.C. 78a.
    \3\ 17 CFR 240.19b-4.
    \4\ See Securities Exchange Act Release No. 102391 (Feb. 11, 
2025), 90 FR 9772. Comments received on the proposed rule change are 
available at: https://www.sec.gov/comments/sr-cboebzx-2025-012/srcboebzx2025012.htm.
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    Section 19(b)(2) of the Act \5\ 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 as the Commission may designate 
if it finds such longer period to be appropriate and publishes its 
reasons for so finding or 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 April 4, 2025. The Commission is extending this 45-day time period.
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    \5\ 15 U.S.C. 78s(b)(2).
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    The Commission finds it appropriate to designate a longer period 
within which to take action on the proposed

[[Page 12423]]

rule change so that it has sufficient time to consider the proposed 
rule change and the issues raised therein. Accordingly, the Commission, 
pursuant to Section 19(b)(2) of the Act,\6\ designates May 19, 2025, 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-2025-012).
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    \6\ 15 U.S.C. 78s(b)(2).

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\7\
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    \7\ 17 CFR 200.30-3(a)(31).
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J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-04236 Filed 3-14-25; 8:45 am]
BILLING CODE 8011-01-P