The Asset Manager Canary Capital has filed to list an exchange exchanged funding (ETF) holding Penguins (Penguing), the Pudgy Penguins Non-Funible Token (NFT) Project, US Regulatory Filings Show.
The ETF is the latest in a murder of files for new US investment products tied to see cryptocurrencies, including altcoins and memecoins.
According to FileETF is intended to hold the Penguin spot as well as various pudgy penguins NFT. This will be the first US ETF to hold NFT if approved.
In addition, “(T) is confident he will also hold other digital possessions, such as Sol and ETH, which are required or incidental of buying, selling and transferring Pengu of trust and pudgy penguin NFT,” the filing said.
Launched in DecemberPudgy has approximately $ 438-million market capitalization on March 20, According to This coingecko.
On March 18, Canary filed to list the First US ETF holding sui (Sui), the native token of the Sui Layer-1 blockchain network.
Pudgy Penguins is among the most popular NFT brands. Source: Cointelegraph
Related: Canary Capital recommends the first Sui ETF to US SEC Filing
Returning policy
The US Securities and Exchange Commission has identified twelve -two files for new crypto investment products since US president Donald Trump has been in charge of January 20.
They include filings for suggested ETFs for L1 native tokens such as Solana (Sol) and XRP (XRP), as well as for memecoins such as Dogecoin (Doge) and official Trump (Trump).
Some industry analysts are skeptical that ETFs holding non-core cryptocurrencies will see a significant uprising on traditional investors.
“Penguing Etf has announced. Price barely. The new ETFs for crypto assets have become an irrelevant joke,” crypto researcher Alex Krüger Says In a post of March 20 on the X. Platform “Most Crypto ETFs will fail to attract the money and cost of those who gave the money.”
Since the beginning of his second term of presidency, Trump has revealed the US government’s stance on digital assets, promising to make America the “capital of the world’s crypto.”
Under his predecessor, former US president Joe Biden, US regulatory agencies have brought up 100 to 100 implementations against crypto companies.
On March 20, the sharing of volatility by Asset Manager Launched two Solana Futures ETFVolatility shares Solana ETF (Solz) and volatility shares 2x Solana ETF (Solt).
They use financial derivatives to monitor Sol’s performance with one and twice action, respectively. Sol ETF spots are still awaiting regulation.
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