On July 19th, the SEC instituted proceedings to determine whether to approve or disapprove NYSE Arca's proposal to list and trade the JPM XF Physical Copper Trust, an exchange-traded fund holding physical copper. Comments should be submitted within 30 days after publication in the Federal Register, which is expected during the week of July 23. Rebuttal comments should be submitted within 45 days. SEC Release No. 34-67470.