๐ข ๐๐๐ข๐ ๐๐ฝ๐ฝ๐ฟ๐ผ๐ฎ๐ฐ๐ต๐ฒ๐ ๐ฆ๐๐ ๐๐ผ ๐๐ถ๐๐ ๐๐ฎ๐ป๐ฎ๐ฟ๐ ๐ฃ๐๐ก๐๐จ ๐๐ง๐ ๐๐ผ๐ฐ๐๐๐ฒ๐ฑ ๐ผ๐ป ๐ ๐ฒ๐บ๐ฒ ๐๐ผ๐ถ๐ป๐ & ๐ก๐๐ง๐
CBOE has filed a 19b-4 form with the SEC to list the Canary PENGU ETF, aiming to give investors exposure to Solana meme coin PENGU and Pudgy Penguin NFTs โ making it the first ETF filing to include NFTs.
๐ Whatโs Inside the ETF?
๐ง 80%-95% of holdings in PENGU
๐ง Up to 15% in Pudgy Penguin NFTs
๐ฐ Small amounts of ETH and SOL will be held only for paying blockchain fees โ not for investment purposes.
๐งฑ How Will the ETF Work?
๐ Structured as a Delaware statutory trust, sponsored by Canary Capital
๐ NAV (net asset value) calculated daily at 4:00 PM ET
๐ฅ๏ธ Real-time values updated every 15 seconds during trading hours
๐ต All creations/redemptions settled in cash only
๐ Why This Matters
This is only the second meme coin ETF (after DOGE) to reach this SEC stage
Itโs the first-ever U.S. ETF filing to feature NFTs
Canary argues PENGU trades on global, decentralized markets, making manipulation harder
The ETF will not stake tokens, accept airdrops, or distribute crypto to investors
๐ง Quick Take
This ETF could open a new door for institutional exposure to meme coins and NFTs, blending crypto culture with traditional finance. It also signals how far the market has come โ NFTs and meme coins are now reaching regulatory review stages at the SEC.
๐ All eyes now on SEC approval and whether this sets a new precedent for altcoin and NFT-related ETFs.