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.
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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)
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