{"id":38812,"date":"2025-03-21T10:30:36","date_gmt":"2025-03-21T07:30:36","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38812"},"modified":"2025-03-21T09:55:20","modified_gmt":"2025-03-21T06:55:20","slug":"canary-capital-applied-for-pengu-etf","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/canary-capital-applied-for-pengu-etf\/","title":{"rendered":"Canary Capital Applied for PENGU ETF!"},"content":{"rendered":"

Asset manager Canary Capital<\/strong> has filed to list an exchange-traded fund (ETF<\/strong>) that will hold Pengu (PENGU)<\/strong>, the governance token of the Pudgy Penguins<\/strong> NFT project, along with various Pudgy Penguins NFTs. The filing was submitted to the U.S. Securities and Exchange Commission (SEC)<\/strong> on March 20.<\/p>\n

If approved, this would be the first U.S. ETF to directly hold NFTs<\/strong>, setting a precedent in the market. According to the filing, the fund will also hold digital assets such as SOL<\/strong> and ETH<\/strong>, which are necessary for purchasing, selling, and transferring the fund\u2019s PENGU tokens<\/strong> and Pudgy Penguins NFTs<\/strong>.<\/p>\n

Launched in December, PENGU<\/strong> currently has a market cap of approximately $438 million<\/strong> as of March 20, according to CoinGecko. Pudgy Penguins is widely regarded as one of the most popular NFT brands in the space.<\/p>\n

\n

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n

\n

Just two days earlier, on March 18, Canary also filed for the first Sui (SUI)<\/strong> ETF in the U.S., focusing on the native token of the Sui Layer-1 blockchain.<\/p>\n

\"Pengu<\/p>\n

Policy Shifts and Market Reactions<\/h2>\n

Under President Donald Trump<\/strong>\u2019s second term, the U.S. government has reversed its stance on digital assets, aiming to make America \u201cthe world\u2019s crypto capital.\u201d During President Joe Biden<\/strong>\u2019s administration, regulators had initiated more than 100 enforcement actions against crypto firms.<\/p>\n

Despite these developments, some analysts remain skeptical about the adoption of ETFs focused on NFTs and memecoins. Crypto researcher Alex Kr\u00fcger<\/strong> commented on X (formerly Twitter), \u201cPengu ETF announced. Price barely goes up. New ETFs for crypto assets have become an irrelevant joke.\u201d<\/p>\n

On March 20, asset manager Volatility Shares<\/strong> launched two new Solana futures ETFs: SOLZ<\/strong> and SOLT<\/strong>, which offer 1x and 2x leveraged exposure to SOL<\/strong> price movements. Spot Solana ETFs are still awaiting regulatory approval.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) that will hold Pengu (PENGU), the governance token of the Pudgy Penguins NFT project, along with various Pudgy Penguins NFTs. The filing was submitted to the U.S. Securities and Exchange Commission (SEC) on March 20. If approved, this would be the first U.S.<\/p>\n","protected":false},"author":28,"featured_media":33708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[9648,6971,847,13314,10466,13313,4324,6425,12504,11887],"class_list":["post-38812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-canary-capital","tag-crypto-etf","tag-crypto-news","tag-nft-etf","tag-pengu","tag-pengu-etf","tag-pudgy-penguins","tag-solana-etf","tag-sui-etf","tag-trump-crypto-policy"],"yoast_head":"\nCanary Capital Applied for PENGU ETF! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/canary-capital-applied-for-pengu-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canary Capital Applied for PENGU ETF! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) that will hold Pengu (PENGU), the governance token of the Pudgy Penguins NFT project, along with various Pudgy Penguins NFTs. 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