2024-18074. 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

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Securities and Exchange Commission

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

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”).

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).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.^[10]

Sherry R. Haywood,

Assistant Secretary.

Footnotes

1.  15 U.S.C. 78s(b)(1).

2.  17 CFR 240.19b-4.

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).

10.  17 CFR 200.30-3(a)(12).