Canary Capital Files for ETF Holding PENGU and Pudgy Penguins NFTs

On March 20, Canary Capital filed to list an ETF holding Pengu (PENGU), the governance token of the Pudgy Penguins NFT project. The proposed fund aims to hold both PENGU tokens and Pudgy Penguins NFTs, potentially becoming the first US ETF to hold NFTs if approved. The ETF may also hold SOL and ETH to facilitate transactions. Launched in December, PENGU has a market capitalization of approximately $438 million as of March 20, according to CoinGecko. This filing is part of a broader trend of new crypto investment products, including those for Solana (SOL) and XRP (XRP), following the SEC acknowledging numerous filings since January 20. On March 20, Volatility Shares launched two Solana futures ETFs, SOLZ and SOLT, tracking SOL's performance with leverage.