Comprehensive Guide to Listing NFTs
Canary Capital Asset Management has filed for a listing of an exchange-traded fund (ETF) that holds Pengu (PENGU), which is the governance token of the Pudgy Penguins non-fungible token (NFT) project, according to U.S. regulatory filings.
The exchange-traded fund is the latest in a series of applications for new U.S. investment products linked to instant cryptocurrencies, including altcoins and meme coins.
According to the filing, the ETF aims to hold instant Bingo currency, as well as non-fungible tokens from Pudgy Penguins. It would be the first U.S. ETF to hold non-fungible tokens if approved.
Additionally, "the Trust will also hold other digital assets, such as SOL and ETH, which are deemed necessary or incidental to buying, selling, and transferring NFTs of the Trust and Pudgy Penguins," according to the filing.
PUDGY was launched in December and has a market cap of around $438 million as of March 20, according to CoinGecko.
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