Canary Capital breaks new ground with an NFT-inclusive crypto ETF featuring Pudgy Penguins
Canary Capital has filed an S-1 form with the Securities and Exchange Commission (SEC) to launch a crypto exchange-traded fund (ETF) that provides exposure to the PENGU token and the Pudgy Penguins non-fungible token (NFT) collection.
This marks the first crypto-related ETF offering connected to an NFT collection.
According to the filing, the fund will invest in a portfolio consisting of PENGU tokens and NFTs from the Pudgy Penguins collection.
Additionally, the fund will hold Solana (SOL) and Ethereum (ETH), which the filing describes as “necessary or incidental to the purchase, sale, and transfer of the Trust’s PENGU and Pudgy Penguins NFTs.”
PENGU, the native token of the Pudgy Penguins ecosystem, currently has a market…
