Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Establish Listing Standards and Withdrawal Criteria for Options on Commodity-Based Trusts Holding a Single Crypto Asset or Multiple Crypto Assets and To Amend Rules Regarding Position and Exercise Limits for Options on iShares Bitcoin Trust ETF

Options Price Reporting Authority (``OPRA'') have the necessary systems capacity to handle the additional traffic associated with the listing of new series of options on ETFs, including on Commodity-Based Trusts pursuant to proposed Rule 20.120(i)(v), up to the number of expirations currently permissible under the Rules. The Exchange believes any additional traffic generated from the trading of options on Commodity-Based Trusts listed pursuant to proposed Rule 20.120(i)(v) would be manageable. The Exchange represents that Exchange members will not have a capacity issue as a result of this proposed rule change. Further, quotation and last sale information for Commodity-Based Trusts listed pursuant to proposed Rule 20.120(i)(v) is available via the Consolidated Tape Association (``CTA'') high speed line and the Unlisted Trading Privileges Plan. Quotation and last sale information for such securities is also available from the exchange on which such securities are listed. Quotation and last sale information for options on Commodity-Based Trusts listed pursuant to proposed Rule 20.120(i)(v) will be available via OPRA,\41\ IEX's proprietary market data fees, and major market data vendors. --------------------------------------------------------------------------- \41\ Last sale reports and quotations are the core of the information that OPRA disseminates. OPRA also disseminates cert