For the reasons set forth above, the Commission does not find, pursuant to Section
19(b)(2) of the Exchange Act, that the proposed rule change is consistent with the requirements
of the Exchange Act and the rules and regulations thereunder applicable to a national securities
exchange, and in particular, with Section 6(b)(5) of the Exchange Act.
IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act, that
proposed rule change SR-CboeBZX-2021-019 be, and hereby is, disapproved.
For the Commission, by the Division of Trading and Markets, pursuant to delegated
Developed by ETF and crypto innovators, VanEck structured XBTF as a C-Corporation aimed at tax efficiency for long-term investors and fairly priced