April 24, 2017.
This matter comes before the Securities and Exchange Commission (“Commission”) on petition to review the disapproval, through delegated authority, of the Bats BZX Exchange, Inc. (“BZX”) proposed rule change to list and trade shares of the Winklevoss Bitcoin Trust as Commodity-Based Trust Shares under BZX Rule 14.11(e)(4).
On July 8, 2016, the Commission issued a notice of filing of the proposed rule change filed with the Commission pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) 
and Rule 19b-4 
On August 23, 2016, the Commission designated a longer time period within which to act on the proposed rule change.
On October 12, 2016, the Commission instituted proceedings under Section 19(b)(2)(B) of the Exchange Act 
to determine whether to approve or disapprove the proposed rule change.
On January 4, 2017, the Commission designated a longer period for Commission action on the proposed rule change.
After consideration of the record in the proposed rule change, the Division of Trading and Markets (“Division”), pursuant to delegated authority,
issued an order disapproving the proposed rule change (“Disapproval Order”) on March 10, 2017.
On March 24, 2017, pursuant to Rule 430 of the Rules of Practice,
BZX filed a petition for review of the Disapproval Order. Pursuant to Rule 431 of the Rules of Practice,
BZX's petition for review of the Disapproval Order is granted. Further, the Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017.
For the reasons stated above, it is hereby:
Ordered that the petition of BZX for review of the Division's action to disapprove the proposed rule change by delegated authority be granted; and
It is further ordered that any party or other person may file a statement in support of or in opposition to the action made pursuant to delegated authority on or before May 15, 2017.
The order disapproving such proposed rule change shall remain in effect.
By the Commission.
Eduardo A. Aleman,
[FR Doc. 2017-08565 Filed 4-27-17; 8:45 am]
BILLING CODE 8011-01-P