According to BlockBeats, on August 1, the U.S. Securities and Exchange Commission (SEC) has officially confirmed the receipt of the Canary PENGU ETF application. This ETF is the first mixed spot ETF for Meme tokens and NFTs. As Wall Street's attention grows, market participants expect a decisive moment of convergence between digital assets and traditional finance to be imminent.
The Canary Spot PENGU ETF plans to allocate 80-95% of its portfolio to Solana Meme token PENGU, which is central to the Pudgy Penguins brand. The remaining 5-15% will consist of top NFTs 'Pudgy Penguins' and will moderately allocate to Solana and Ethereum to enhance liquidity. This holding structure reflects an aggressive investment strategy. The ETF plans to hold specific NFTs based on factors such as rarity, visual appeal, and market value, with the fund manager actively assessing and rotating these holdings to maintain an optimal portfolio. Incorporating NFTs into a regulated ETF marks an unusual but noteworthy shift in the perception of financial assets.
