The Cboe BZX Exchange has officially submitted Form 19b-4 to the SEC, proposing to list the ETF fund stock Canary PENGU – an investment product focused on the memecoin $PENGU in the Solana ecosystem.
This filing follows the Form S-1 submitted by Canary Capital in March 2025, marking a new milestone in the wave of spot cryptocurrency ETFs in the U.S.
Proposed fund allocation:
80–95%: holding memecoin $PENGU
5–15%: investing in Pudgy Penguins NFTs
Remaining: other crypto assets on Solana to ensure liquidity
This could be the first ETF to combine memecoin + NFT, setting a new precedent for innovative ETF products based on Web3.
