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The SEC has officially acknowledged receipt of the Canary PENGU ETF application, the first-ever Meme token and NFT blended spot ETF.
BlockBeats News, August 1st, the U.S. Securities and Exchange Commission (SEC) has formally acknowledged receipt of the Canary PENGU ETF application. This ETF is the first Meme Token and NFT blended spot ETF. As Wall Street's attention to it grows, market participants expect a decisive moment of intersection between digital assets and traditional finance.
The Canary Spot PENGU ETF plans to allocate 80-95% of its portfolio to Solana Meme Token PENGU, which is at the core of the Pudgy Penguins brand. The remaining 5-15% will be composed of top NFT "chonky penguins" Pudgy Penguins and moderately allocated to Solana and Ethereum to enhance liquidity. This holding 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 the optimal portfolio. Incorporating NFTs into a regulated ETF marks a noteworthy shift in financial asset awareness, albeit an extraordinary one.
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