The SEC officially confirmed receipt of the Canary PENGU ETF application, the first hybrid spot ETF combining Meme tokens and NFTs.
According to Bijie.com, on August 1st, the U.S. Securities and Exchange Commission (SEC) officially confirmed receipt of the application for the Canary PENGU ETF, the first hybrid spot ETF combining meme tokens and NFTs. With Wall Street's growing interest, market participants anticipate a decisive moment in the intersection of digital assets and traditional finance. The Canary PENGU ETF plans to allocate 80-95% of its portfolio to the Solana meme token PENGU, the core of the Pudgy Penguins brand. The remaining 5-15% will consist of premium NFTs, including the "Fat Penguin" NFT, with a modest allocation to Solana and Ethereum for liquidity. This structure reflects an active investment strategy. The ETF plans to hold specific NFTs based on factors such as rarity, visual appeal, and market value. The fund manager will actively evaluate and rotate these holdings to maintain an optimal portfolio. The inclusion of NFTs in a regulated ETF marks an unusual but noteworthy shift in the perception of financial assets.