2024-18703. Self-Regulatory Organizations; Nasdaq ISE, LLC; Notice of Withdrawal of Proposed Rule Change To Amend ISE Options 4, Section 3 To List and Trade Options on Units That Represent Interests in a Trust That Holds Bitcoin

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Securities and Exchange Commission

1. [Release No. 34-100738; File No. SR-ISE-2024-14]

August 15, 2024.

Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) ^[1] and Rule 19b-4 thereunder,^[2] Nasdaq ISE, LLC (“Exchange”) filed with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend Options 4, Section 3(h) to allow the Exchange to list and trade options on units that represent interests in a trust that holds bitcoin (“Proposal”).

On March 25, 2024, the Proposal was published for comment in the Federal Register .^[3] On April 24, 2024, the Commission instituted proceedings under Section 19(b)(2)(B) of the Act ^[4] to determine whether to approve or disapprove the Proposal.^[5] The Commission received comments addressing the Proposal.^[6]

On July 19, 2024, the Commission designated a longer time for Commission action on the Proposal.^[7] On August 13, 2024, the Exchange withdrew the Proposal (SR-ISE-2024-14).

For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.^[8]

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. 99776 (Mar. 19, 2024), 89 FR 20717.

4.  15 U.S.C. 78s(b)(2)(B).

5.   See Securities Exchange Act Release No. 100024 (Apr. 24, 2024), 89 FR 34290 (Apr. 30, 2024).

6.  Comment letters on the Proposal are available at https://www.sec.gov/​comments/​sr-ise-2024-14/​srise202414.htm.

7.   See Securities Exchange Act Release No. 100567 (Jul. 19, 2024), 89 FR 60482 (Jul. 25, 2024).

8.  17 CFR 200.30-3(a)(12).