#ETFWatch Canary submitted an application for the PENGU ETF

The proposed fund aims to hold the PENGU token and Pudgy Penguins NFT, according to an application submitted on March 20. The asset manager Canary Capital has filed an application to list an exchange-traded fund (ETF) with Pengu (PENGU), the governance token of the non-fungible token Pudgy Penguins project, according to U.S. regulatory records.

The ETF is the latest in a series of new U.S. investment products linked to spot cryptocurrencies, including altcoins and memecoins.