Asset manager Canary Capital has filed an S-1 registration statement with the SEC to launch the first-ever PENGU ETF.
The filing outlines that the ETF aims for capital appreciation by investing in both the PENGU token and Pudgy Penguins NFTs, allowing investors to gain exposure to the value of these assets.
The fund will also hold Solana (SOL) and Ethereum (ETH) within the PENGU Trust, as stated: “The Trust will also hold other digital assets, such as SOL and ETH, necessary for the purchase, sale, and transfer of the Trust’s PENGU and Pudgy Penguins NFTs.”
PENGU joins a growing list of meme tokens seeking ETF approval, including Dogecoin (DOGE), BONK, and TRUMP, which were filed for after President Donald Trump’s inauguration.
