- Canary Capital submitted an S-1 registration filing with the SEC to launch a PENGU ETF.
- The Canary PENGU ETF will track the price of the PENGU token and Pudgy Penguins NFTs.
- PENGU rallied briefly following the announcement.
Meme token PENGU rallied briefly on Thursday as asset manager Canary Capital filed to launch a PENGU exchange-traded fund (ETF) with the Securities and Exchange Commission (SEC). The fund aims to track the price of the PENGU token and Pudgy Penguins NFTs.
PENGU joins the list of meme coins awaiting ETF approval
Asset manager Canary Capital filed an S-1 registration statement with the SEC for the launch of the first-ever PENGU ETF.
The filing stated that the ETF’s objective is to provide capital appreciation. To achieve this goal, the fund aims to invest in both the PENGU token and Pudgy Penguins NFTs. This means that the fund will…
