Pudgy Penguins, a well-known Web3 brand, is set to make history with a proposed ETF. Canary Capital has filed for the Canary PENGU ETF with the SEC, aiming to invest in the $PENGU token and Pudgy Penguins NFTs. If approved, it would be the first U.S. ETF to hold NFTs directly, providing investors with a new way to access digital assets. The fund plans to allocate most of its assets to the $PENGU token and some to Pudgy Penguins NFTs, along with Ethereum and Solana for liquidity. This move could pave the way for more blockchain-based investment products in the future.
What do you think—will this ETF bring more legitimacy to NFTs in the financial world, or is it just another trend? Drop your thoughts in the comments!
