Canary Capital Files Application for a PENGU ETF
According to a March 20 filing, Canary Capital plans to launch an ETF focused on the Pudgy Penguins ecosystem, offering exposure to its governance token, PENGU, along with its NFT collection. If approved, it would be the first US-listed ETF to directly hold NFTs.
The filing details that the trust will include spot PENGU and Pudgy Penguins NFTs, along with digital assets like Solana (SOL) and Ethereum (ETH), necessary for transactions involving the fund’s main holdings. This aims to streamline operational functions such as buying, selling, or transferring assets within the trust.
Pudgy Penguins is a well-known NFT collection celebrated for its playful art and strong community. PENGU, launched in December, serves as the ecosystem’s governance token, allowing holders to influence the project’s direction.
