SECURITIES AND EXCHANGE COMMISSION
(Release No. 34-98981; File No. SR-CboeBZX-2023-058)
November 17, 2023
Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to List and Trade Shares of the Global X Bitcoin Trust under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
On August 4, 2023, Cboe BZX Exchange, Inc. (*BZX" or "Exchange*) filed with the
Securities and Exchange Commission ("Commission"), pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934 ("Act')' and Rule 196-4 thereunder,? a proposed rule change to
list and trade shares ("Shares") of the Global X Bitcoin Trust ("Trust") under BZX Rule
14.11(e)(4), Commodity-Based Trust Shares. The proposed rule change was published for comment in the Federal Register on August 23, 2023.3
On September 26, 2023, pursuant to Section 19(b)(2) of the Act,* the Commission
designated a longer period within which to approve the proposed rule change, disapprove the
proposed rule change, or institute proceedings to determine whether to disapprove the proposed
rule change. This order institutes proceedings under Section 19(b)(2)(B) of the Act° to
determine whether to approve or disapprove the proposed rule change.
