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Canary Pengu ETF Application Approved by SEC, Marking a New Shift in Financial Assets
According to BlockBeats, on August 1st, the U.S. Securities and Exchange Commission (SEC) confirmed receipt of the Canary Pengu ETF application. This ETF is the first hybrid spot ETF for meme coins and NFTs, signaling the impending convergence of digital assets and traditional finance.
The Canary Spot PENGU ETF plans to invest 80-95% in the Solana meme coin PENGU and 5-15% in the top NFT Pudgy Penguins, with a moderate allocation to Solana and Ethereum for liquidity. The fund manager will actively evaluate and rotate holdings based on factors such as rarity, visual appeal, and market value. The inclusion of NFTs in regulated ETFs signals a shift in how financial assets are perceived.
The Canary Spot PENGU ETF plans to invest 80-95% in the Solana meme coin PENGU and 5-15% in the top NFT Pudgy Penguins, with a moderate allocation to Solana and Ethereum for liquidity. The fund manager will actively evaluate and rotate holdings based on factors such as rarity, visual appeal, and market value. The inclusion of NFTs in regulated ETFs signals a shift in how financial assets are perceived.
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