Self-Regulatory Organizations; Nasdaq Stock Market LLC; Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1 Thereto, To List and Trade Shares of the iShares Bitcoin Premium Income ETF Under Nasdaq Rule 5711(d) (Commodity-Based Trust Shares)

tcoin Trust ETF (``IBIT'') (such options, ``IBIT options'') and, from time to time, on indices that track spot bitcoin exchange-traded products, including IBIT (such options, ``index options'').\7\ The Trust will be actively-managed \8\ and the assets of the Trust will consist of bitcoin, as well as shares of IBIT, and cash, including premiums associated with written options.\9\ All options written by the Trust will be U.S. exchange-listed.\10\ The Exchange states that it is submitting the Proposal because the Trust will be actively managed; however, it will meet all of the other requirements under the generic listing standards for Commodity-Based Trust Shares set forth in Nasdaq Rule 5711(d).\11\ --------------------------------------------------------------------------- \7\ See id. at 27098. The sponsor of the Trust is iShares Delaware Trust Sponsor LLC (``Sponsor''), an indirect subsidiary of BlackRock, Inc. The Trust will operate pursuant to a trust agreement between the Sponsor, a third party as the trustee of the Trust, and Wilmington Trust, National Association, as Delaware trustee. Coinbase Custody Trust Company, LLC will be responsible for the custody of the Trust's bitcoin. See id. \8\ See id. BlackRock Financial Management, Inc., an affiliate of the Sponsor, is the investment advisor for the Trust (``Advisor''). See id. The Exchange states that the Advisor is registe