Statement Summary
The SEC has announced an extension for the review period of NYSE Arca‘s proposed rule change to list and trade shares of the Bitwise Dogecoin ETF. Initially filed on March 3, 2025, and published for comments on March 17, the SEC is extending its decision deadline from May 1, 2025, to June 15, 2025. This decision allows the Commission additional time to assess the proposed rule change and the related issues raised during the comment period. The extension is in accordance with the Securities Exchange Act of 1934, which permits longer review periods when deemed appropriate.
Original Statement
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102942; File No. SR-NYSEARCA-2025-19]
Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Designation of a Longer Period
for Commission Action on a Proposed Rule Change to List and Trade Shares of the Bitwise
Dogecoin ETF under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares)
April 29, 2025.On March 3, 2025, NYSE Arca, Inc. (NYSE Arca) filed with the Securities and
Exchange Commission (Commission), pursuant to Section 19(b)(1) of the Securities Exchange
Act of 1934 (Act) and Rule 19b-4 thereunder, a proposed rule change to list and trade shares
of the Bitwise Dogecoin ETF under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares).
The proposed rule change was published for comment in the Federal Register on March 17,
2025.Section 19(b)(2) of the Act 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 proposed rule change is May 1, 2025. The Commission is
extending this 45-day time period.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 and the issues raised therein. Accordingly, the Commission, pursuant to Section 19(b)(2)
of the Act, designates June 15, 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 (File No. SR-NYSEARCA-2025-19).For the Commission, by the Division of Trading and Markets, pursuant to delegated
authority.
Sherry R. Haywood,
Assistant Secretary.
