The crypto asset supervisor Canary Capital has filed an S-1 registration assertion with the U.S. Securities and Alternate Fee (SEC) for a brand new non-fungible token-focused exchange-traded fund (ETF).
If authorized, the “Canary PENGU ETF” will supply traders publicity to the Pudgy Penguins NFT venture.
The ETF would make investments straight in Pudgy Penguins NFTs and PENGU, the venture’s utility token, and it will additionally maintain different crypto belongings, like Ethereum (ETH) and Solana (SOL), that “are needed or incidental to the acquisition, sale and switch” of these first two varieties of tokens, per the submitting.
The brand new S-1 assertion represents the most recent in a spree of latest ETF filings for Canary, which can be making an attempt to launch Solana, XRP (XRP), Sui (SUI), Litecoin (LTC), Axelar (AXL) and Hedera (HBAR) funds.
The SEC greenlit the primary spot market Bitcoin (BTC) ETFs in January 2024, bringing in billions of {dollars} price of inflows to the highest digital asset by market cap. The regulator subsequently authorized Ethereum (ETH) ETFs for buying and selling final July. Two monetary corporations, Franklin Templeton and Hashdex, additionally launched joint BTC-ETH ETFs earlier this 12 months.
PENGU is buying and selling at $0.00655 at time of writing. The One hundred and sixty fifth-ranked crypto asset by market cap is down greater than 2.5% previously 24 hours.
Observe us on X, Fb and Telegram
Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox
Test Value Motion
Surf The Day by day Hodl Combine
 
Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses you could incur are your duty. The Day by day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.
Generated Picture: Midjourney