BREAKING: CBOE filed a 19b-4 for the canary $PENGU ETF.
This includes $PENGU and the Pudgy Penguins NFT.
The next step in the ETF process is underway, and only the likes of DOGE, HBAR, and DOT have filed this.
So, what's CBOE & why is this big news for Pudgy Penguins?
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CBOE is known as the Chicago Board Options Exchange.
They're one of the largest and most respected financial exchanges in the world.
Regulated by the U.S institution that deals with trillions in trading volume annually.
When CBOE files a 19b-4, it means business.
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What is 19b-4 Filing?
It's basically a formal permission slip submitted to the SEC by exchanges to list new products, especially big ones like crypto ETFs.
This is important because exchanges can’t list new financial products (like crypto ETFs) without SEC approval.
Like when BlackRock or Fidelity wants to launch a spot Bitcoin ETF, the exchange they partner with files a 19b-4 to ask the SEC to allow that ETF to trade.
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Pudgy Penguins and $PENGU becomes the second memecoin-style ETF after the one and only, Dogecoin.
Alongside this, it is the FIRST NFT to enter SEC's formal review process.
This hasn't been done before, ever.
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The importance of solidifying Pudgy Penguins for the long term is being secured as we speak.
Institutional Penguins
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Check more info on it here:
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