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International Business Times
International Business Times
Business
Marvie Basilan

EXPLAINED: Canary capital seeks sec approval for first ever pengu etf | Rare Historical Photos

$PENGU was one of the biggest token launches in crypto this year. (Credit: Pudgy Penguins on X / Video Screenshot)

KEY POINTS

  • Canary noted the $PENGU token's utility within the community
  • $PENGU is one of the fastest-rising memecoins, having toppled $BRETT and $FLOKI in its early days
  • Some crypto experts and observers don't think a $PENGU ETF will get as much interest as $BTC ETFs

Rising asset management firm Canary Capital on Thursday submitted a filing to the U.S. Securities and Exchange Commission (SEC) to list a PENGU exchange-traded fund (ETF), making it the first-ever ETF holding the meme coin.

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