#69,716,853textInscription #68864147#68,864,147html#67,020,478textInscription #66005529#66,005,529png#65,794,929textInscription #65563101#65,563,101htmlInscription #64492231#64,492,231htmlInscription #61744787#61,744,787htmlInscription #56744072#56,744,072htmlInscription #56728093#56,728,093html**SECURITIES AND EXCHANGE COMMISSION** --- (Release No. 34-99306; File Nos. SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR- NYSEARCA-2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023- 028; SR-CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR- CboeBZX-2023-044; SR-CboeBZX-2023-072) **January 10, 2024** --- Self-Regulatory Organizations; NYSE Arca, Inc.; The Nasdaq Stock Market LLC; Cboe BZX Exchange, Inc.; Order Granting Accelerated Approval of Proposed Rule Changes, as Modified by Amendments Thereto, to List and Trade Bitcoin-Based Commodity-Based Trust Shares and Trust Units **I. INTRODUCTION** --- Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”)1 and Rule 19b-4 thereunder,2 each of NYSE Arca, Inc. (“NYSE Arca”), The Nasdaq Stock Market LLC (“Nasdaq”), and Cboe BZX Exchange, Inc. (“BZX”; and together with NYSE Arca and Nasdaq, the “Exchanges”) filed with the Securities and Exchange Commission (“Commission”) proposed rule changes to list and trade shares of the following. NYSE Arca proposes to list and trade shares of (1) the Grayscale Bitcoin Trust3 and (2) the Bitwise Bitcoin ETF4 under NYSE Arca Rule 8.201-E (Commodity-Based Trust Shares), and (3) the Hashdex Bitcoin ETF5 under NYSE Arca Rule 8.500-E (Trust Units); Nasdaq proposes to list and trade shares of (4) the iShares Bitcoin Trust6 and (5) the Valkyrie Bitcoin Fund7 under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares); and BZX proposes to list and trade shares of (6) the ARK 21Shares Bitcoin ETF, 8 (7) the Invesco Galaxy Bitcoin ETF, 9 (8) the VanEck Bitcoin Trust, 10 (9) the WisdomTree Bitcoin Fund,11 (10) the Fidelity Wise Origin Bitcoin Fund,12 and (11) the Franklin Bitcoin ETF13 under BZX Rule 14.11(e)(4) (Commodity-Based Trust Shares). Each filing was subject to notice and comment.14 Each of the foregoing proposed rule changes, as modified by their respective amendments, is referred to herein as a “Proposal” and collectively as the “Proposals.” Each trust (or series of a trust) described in a Proposal is referred to herein as a “Trust” and collectively as the “Trusts.” As described in more detail in the Proposals’ respective amended filings, 15 each Proposal seeks to list and trade shares of a Trust that would hold spot bitcoin,16 in whole or in part.17 This order approves the Proposals on an accelerated basis. 18#54,116,273texttransfer85,000.$bmp#52,347,264brc-20Inscription #33353065#33,353,065svgInscription #33352570#33,352,570svg219734.punk#20,702,813text594826.bitmap#14,192,795text661847.bitmap#13,939,275text658862.bitmap#13,939,274text656851.bitmap#13,939,273text657846.bitmap#13,939,272text660868.bitmap#13,939,271text321514.bitmap#13,928,833text396837.bitmap#13,837,232text585290.bitmap#13,648,723text251107.bitmap#13,578,887text219734.bitmap#13,455,230text422243.bitmap#13,435,219text506661.bitmap#13,435,218text306491.bitmap#13,425,715text339989.bitmap#13,379,726text339916.bitmap#13,379,711text339918.bitmap#13,379,674text324938.bitmap#13,373,854text134570.bitmap#13,192,667text267378.bitmap#13,171,474text137643.bitmap#13,170,748text221931.bitmap#13,170,716text584291.bitmap#13,162,348text400144.bitmap#13,141,650text400774.bitmap#13,141,584text400438.bitmap#13,141,552text400325.bitmap#13,141,472text400301.bitmap#13,141,471text357829.bitmap#13,140,978text400391.bitmap#13,140,758text183470.bitmap#13,137,121text151653.bitmap#13,137,058text347404.bitmap#13,137,054text129802.bitmap#13,136,993text279754.bitmap#13,136,935text259667.bitmap#13,136,322text373492.bitmap#13,135,628text372219.bitmap#13,133,298text371582.bitmap#13,133,289text371199.bitmap#13,133,211text370983.bitmap#13,133,198text372113.bitmap#13,133,177text181624.bitmap#13,103,223text223802.bitmap#13,102,915textreg🔴ffline.sats#12,562,771sns