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PENGU+14.24%
DOGE+1.83%
BTC+0.90%
ETH+0.95%
SOL+3.96%
XRP-0.30%
Cboe has officially filed to list the Canary PENGU ETF, the first-ever ETF backed by $PENGU and Pudgy Penguin NFTs. Here are some key takeaways from the filing 🧵
Igloo
Igloo
The @CBOE files the CANARY PENGU ETF 19b-4. With this filing, the $PENGU and Pudgy Penguins NFTs ETF becomes only the second memecoin-style ETF, after DOGE, and first filing with NFTs to enter the @SECGov’s formal review process, joining coins such as BTC, SOL, XRP, and DOGE.
Gallery 1
The ETF will hold: 🧊 80–95% $PENGU 🐧 5–15% Pudgy Penguin NFTs 💱 Minimal SOL + ETH to cover transaction fees It will trade under Cboe Rule 14.11(e)(4), typically reserved for commodity-based trust shares like gold, silver, and now… penguins.
Why this matters: 📈 It gives traditional investors exposure to PENGU and NFTs with no wallets or bridges required. 🏛️ It brings regulatory legitimacy to the Pudgy Penguin ecosystem. 🐧 It recognizes Pudgy Penguins as more than memes, they’re investable digital assets.
The filing argues the ETF meets SEC standards without needing a surveillance-sharing agreement by using the same logic that got spot Bitcoin and ETH ETFs approved: ✅ Global liquidity ✅ Arbitrage across markets ✅ No centralized control ✅ Difficulty of manipulation
NAV will be calculated daily. IIV (intraday value) updated every 15 seconds. Daily holdings and price transparency will be published publicly. Shares will be created/redeemed in cash (10k share blocks), with all digital asset trading handled by the Trust, not the buyers.
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