## CBOE and Kernel Funds Revise Pudgy Penguin ETF Application The Chicago Board Options Exchange (CBOE) and Kernel Funds are pushing forward with their plans for a Pudgy Penguin (PENGU) ETF. Bloomberg analyst James Seyffart announced via X that the pair has submitted an amended exchange rule change filing (19b-4) to the U.S. Securities and Exchange Commission (SEC). This updated filing represents a crucial step in the process of potentially bringing a Pudgy Penguin-themed ETF to market. While details of the amendments remain undisclosed, such revisions typically address concerns raised by the SEC regarding the ETF's structure, risk disclosures, or underlying asset valuation. ## What's Next for the PENGU ETF? The SEC will now review the amended filing. If approved, this ETF would offer investors exposure to the popular Pudgy Penguins NFT collection without directly owning the digital assets. This could attract a broader range of investors interested in the NFT space but hesitant to navigate the complexities of digital wallets and custody. The outcome of this SEC review remains to be seen, but the amended filing signals continued efforts to launch the PENGU ETF. ```

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