The crypto asset manager Canary Capital has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a new non-fungible token-focused exchange-traded fund (ETF). If approved, the “Canary PENGU ETF” will offer investors exposure to the Pudgy Penguins NFT project. The ETF would invest directly in Pudgy Penguins NFTs and PENGU , the project’s utility token, and it would also hold other crypto assets, like Ethereum ( ETH ) and Solana ( SOL ), that “are necessary or incidental to the purchase, sale and transfer” of those first two types of tokens, per the filing . The new S-1 statement represents the latest in a spree of recent ETF filings for Canary, which is also attempting to launch Solana , XRP ( XRP ), Sui ( SUI ), Litecoin ( LTC ), Axelar ( AXL ) and Hedera ( HBAR ) funds. The SEC greenlit the first spot market Bitcoin ( BTC ) ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap. The regulator subsequently approved Ethereum ( ETH ) ETFs for trading last July. Two financial firms, Franklin Templeton and Hashdex, also launched joint BTC-ETH ETFs earlier this year. PENGU is trading at $0.00655 at time of writing. The 165th-ranked crypto asset by market cap is down more than 2.5% in the past 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Asset Manager Canary Capital Continues ETF Application Spree with New Filing for Pudgy Penguins NFT Fund appeared first on The Daily Hodl .
