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

---
identifier: "/us/fr/2024-18703"
source: "fr"
legal_status: "authoritative_unofficial"
title: "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"
title_number: 0
title_name: "Federal Register"
section_number: "2024-18703"
section_name: "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"
positive_law: false
currency: "2024-08-21"
last_updated: "2024-08-21"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Securities and Exchange Commission"
document_number: "2024-18703"
document_type: "notice"
publication_date: "2024-08-21"
agencies:
  - "Securities and Exchange Commission"
fr_citation: "89 FR 67682"
fr_volume: 89
docket_ids:
  - "Release No. 34-100738"
  - "File No. SR-ISE-2024-14"
---


#  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

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”).

[^1] 15 U.S.C. 78s(b)(1).

[^2] 17 CFR 240.19b-4.

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]

[^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* .

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).

[^7]*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. [^8]

[^8] 17 CFR 200.30-3(a)(12).

Sherry R. Haywood,

Assistant Secretary.