On June 30, 2016, Bats BZX Exchange, Inc. (“BZX”) filed a proposed rule change with the Commission, seeking to list and trade shares of the Winklevoss Bitcoin Trust. The Commission, acting through authority delegated to the Division of Trading and Markets, disapproved the proposed rule change on March 10, 2017, and BZX then filed a timely petition seeking Commission review of the disapproval by delegated authority.
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