Securities and Exchange Commission
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Securities and Exchange Commission [Release No. 34-104175; File No. SR-CboeBZX-2025-096] I. Introduction On July 25, 2025, Cboe BZX Exchange, Inc. (“BZX” or “Exchange”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”)  [ 1 ] and Rule 19b-4 thereunder, [ 2 ] a proposed rule change to list and trade shares (“Shares”) of the BondBloxx Private Credit Trust (“Trust”) under BZX Rule 14.11(f). The proposed rule change was published for comment in the Federal Register on August 12, 2025. [ 3 ] On September 22, 2025, pursuant to Section 19(b)(2) of the Act, [ 4 ] the Commission designated a longer period within which to approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether to disapprove the proposed rule change. [ 5 ] This order institutes proceedings under Section 19(b)(2)(B) of the Act  [ 6 ] to determine whether to disapprove the proposed rule change. II. Description of the Proposed Rule Change  [ 7 ] As described in the Notice, the Exchange proposes to list and trade ( printed page 51421) Shares of the Trust  [ 8 ] under BZX Rule 14.11(f)(4), which governs the listing and trading of Trust Issued Receipts  [ 9 ] on the Exchange. According to the Exchange, the Trust seeks to provide risk-adjusted returns primarily through di…
Citation: 90 FR 51420
