Canary applies for a Pengu ETF-the chubby penguin wants to go to Wall Street

• The submission of the Pengu ETF reflects the growing institutional interest in NFTS and crypto diversification.
• ETF approval could significantly increase the demand for Pengu and generally increase interest in NFT-based assets.

After Canary Capital applied for a SUI ETF, CNF underlined the growing institutional interest in diversifying crypto systems. In a groundbreaking development at the interface between traditional finances and digital assets, Canary Capital has applied for an exchange-traded fund (ETF), which combines cryptocurrencies and non-fungal tokens (NFTS) in a unique way.

This newly proposed ETF aims to keep the Pengu token-the governance token of the Pudgy Penguin NFT project-together with a selection of Pudgy Penguins NFTS. If this is approved, this would be the first US ETF to absorb NFTS directly in its inventory.

New limit for ETFs

Traditionally, stock exchange funds offer investors an engagement in a basket of assets such as stocks or bonds. Canary Capital’s application is a significant development because it suggests an ETF that offers direct engagement both in a cryptocurrency and in digital collectible objects.

According to the application, the ETF intends to keep Pengu-Spot token and various pudgy penguins NFTS. In addition, the fund can consider other digital assets such as Solana (SOL) and Ethereum (ETH), which are required for purchase, sale and transfer of the pengu tokens and NFTS of the fund.

Pudgy Penguins und Pengu

Pudgy Penguins started on the Ethereum blockchain in July 2021 and is a collection of 8,888 unique cartoon penguin nfts. The project was very popular and expanded its ecosystem to physical products and games. In 2024, Pudgy Penguins introduced the Pengu token to improve the interaction and participation of the community.

Regulation and market resonance

After the announcement of the ETF application, Pengu experienced a short upswing. However, the long -term impact on its market value remains uncertain, since the approval and success of the ETFs could significantly influence the mood of investors and the demand for token.

Solana and current market data

Solana (Sol) has developed into an important player in the area of ​​digital assets, especially at NFTS. His admission to the ETF application from Canary Capital underlines its relevance.

At the time of the creation of this article, the price of Solana is $ 126.46, according to CoinmarketCap data, with a decline of 3.28 % on the last day and an increase of 0.42 % in the last week. Take a look at the SOL price diagram below.