Key Takeaways:
- Canary Capital has filed for a PENGU ETF, which would include Pengu (PENGU) tokens and Pudgy Penguins NFTs.
- If approved, this would be the first U.S. ETF to hold NFTs alongside digital assets.
- The ETF will also include SOL and ETH for transactional purposes.
Canary Capital has filed for regulatory approval to launch a PENGU ETF, which would be the first U.S. exchange-traded fund to include both a cryptocurrency and non-fungible tokens (NFTs).
The ETF aims to hold spot PENGU, the governance token of the Pudgy Penguins NFT collection, along with a selection of Pudgy Penguins NFTs.
Today, $PENGU and Pudgy Penguins NFTs were included in an ETF filing by Canary Capital. pic.twitter.com/GaqMsa3zhg
— Igloo (@IglooInc) March 20, 2025
This proposal is part of a broader trend of investment products linked to spot cryptocurrencies, including altcoins and memecoins.
According to the filing, the trust will also hold other digital assets, such as Solana (SOL) and Ethereum (ETH), to facilitate transactions involving PENGU and the NFTs.
PENGU, which launched in December, currently has a market capitalization of approximately $438 million as of March 20, based on data from CoinGecko.
If approved, this ETF would mark a significant milestone in integrating NFTs into traditional financial markets, potentially broadening investor exposure to digital collectibles.
The move reflects increasing institutional interest in NFTs and the growing convergence of cryptocurrency and mainstream investment vehicles.
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