Solana, Pudgy Penguins ETF Filings Added to SEC’s Crypto To-Do List

In brief

  • A proposed Invesco Galaxy fund would track the performance of Solana.
  • Multiple issuers have now filed applications for Solana ETFs, including Fidelity, VanEck and Bitwise.
  • Cboe has filed for a 19b-4 rule change that would enable the listing of a Canary Capital Pengu-based fund.

U.S. regulators on Wednesday added separate filings to their docket for a proposed Solana exchange-traded fund and a rule change that would allow the listing of an investment product tied to Pudgy Penguins tokens.

The Invesco Galaxy Solana ETF joins a list of eight other funds that would track the performance of the sixth-largest crypto by market capitalization.

Meanwhile, a 19b-4 request by Cboe would allow the Canary PENGU ETF to trade on the exchange.

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