The SEC Just Got Its Weirdest Crypto ETF Request Yet—And Why This Bloomberg Senior ETF Analyst Thinks It Might Actually Work
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Wall Street’s latest crypto experiment just took a significant step forward. Cboe BZX Exchange filed a Form 19b-4 with the Securities and Exchange Commission seeking approval to list the Canary PENGU ETF, a groundbreaking fund that would hold both PENGU memecoin tokens and Pudgy Penguins NFTs. This isn’t your typical Bitcoin ETF—it’s the first proposed fund to blend memecoins with non-fungible tokens, targeting one of crypto’s most beloved penguin communities.
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The Canary PENGU ETF would primarily hold PENGU, the official token of the Pudgy Penguins project, alongside actual Pudgy Penguin…
