[Federal Register Volume 90, Number 118 (Monday, June 23, 2025)]
[Notices]
[Pages 26628-26629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-11423]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-103286; File No. SR-ISE-2025-12]


Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of 
Designation of a Longer Period for Commission Action on a Proposed Rule 
Change, as Modified by Amendment No. 1, To Permit the Trading of FLEX 
Options on Shares of the iShares Bitcoin Trust ETF

June 17, 2025.
    On April 22, 2025, Nasdaq ISE, LLC (``Exchange'') 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 amend its rules 
to permit the trading of FLEX equity options on shares of the iShares 
Bitcoin Trust ETF. On May 2, 2025, the Exchange filed Amendment No. 1 
to the proposal, which replaced and superseded the original filing in 
its entirety. The proposed rule change, as modified by Amendment No. 1, 
was published for comment in the Federal Register on May 9, 2025.\3\ 
The Commission has received no comments on the proposed rule change.
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    \1\ 15 U.S.C. 78s(b)(1).
    \2\ 17 CFR 240.19b-4.
    \3\ See Securities Exchange Act Release No. 102992 (May 5, 
2025), 90 FR 19750.
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    Section 19(b)(2) of the Act \4\ 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

[[Page 26629]]

proposed rule change is June 23, 2025. The Commission is extending this 
45-day time period.
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    \4\ 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 rule change so that it has 
sufficient time to consider the proposed rule change. Accordingly, the 
Commission, pursuant to Section 19(b)(2) of the Act,\5\ designates 
August 7, 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, as modified by Amendment No. 1 
(File No. SR-ISE-2025-12).
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    \5\ Id.

    For the Commission, by the Division of Trading and Markets, 
pursuant to delegated authority.\6\
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    \6\ 17 CFR 200.30-3(a)(31).
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Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-11423 Filed 6-20-25; 8:45 am]
BILLING CODE 8011-01-P