The US Securities and Exchange Commission (SEC) has acknowledged the filing for the Canary Spot Pengu ETF, a Solana-based memecoin ETF that combines $PENGU tokens with Pudgy Penguins NFTs.

This acknowledgment marks a significant step towards potential approval, allowing investors to gain exposure to PENGU's price movements.

The proposed ETF will hold 80-95% PENGU tokens and 5-15% Pudgy Penguins NFTs. Following the news, PENGU price surged 30%, reaching a 6-month high of $0.0196 and boasting a market cap over $1.2 billion.

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