The Crypto Asset Manager Canary Capital has submitted an S-1 registration declaration to the US Securities and Exchange Commission (SEC) for a new non-giant token-oriented fund with exchange (ETF).
If approved, the “Canary Pengu ETF” offers investors exposure to the Pudgy Penguins NFT project.
The ETF would invest directly in Pudgy Penguins NFTS and Pengu, the Utility token of the project, and it would also contain other crypto assets, such as Ethereum (ETH) and Solana (SOL), which are “necessary or incidental for the purchase, sale and transfer” of the first two types of token, per the per the submit.
The new S-1 statement represents the newest in a spree of recent ETF archives for Canary, which is also trying to launch Solana” XRP (XRP), Sky (Sui), Litecoin (LTC), Axelar (Axl) and Hedera (Hbar) funds.
The SEC Greenlit The first spot market Bitcoin (BTC) ETFs in January 2024, which yields billions of dollars at the intake of the digital active of the market hairstyles. The supervisor then approved ETHEREUM (ETH) ETFs for the trade in July. Two financial companies, Franklin Templeton and Hashdex, also launched joint BTC ETFs earlier this year.
Pengu acts at $ 0.00655 at the time of writing. The 165th ranking order Crypto-Activum per market hood has risen by more than 2.5% in the last 24 hours.
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