Canary Capital has submitted a filing to the U.S. Securities and Exchange Commission (SEC) for the launch of an exchange-traded fund (ETF) based on digital assets tied to the Pudgy Penguins NFT project. If approved, this would be the first ETF in the U.S. to include NFTs.
The proposed fund will directly invest in the PENGU governance token, NFTs from the Pudgy Penguins collection, and other relevant cryptocurrencies such as Ethereum (ETH) and Solana (SOL) — which are used for transacting with these assets.
Launched in July 2021 on the Ethereum blockchain, Pudgy Penguins has become a fan-favorite NFT collection. In December 2024, the project introduced PENGU, its official governance token.
The approval of this ETF would represent a landmark moment in the integration of NFTs into traditional financial markets. Canary Capital has previously filed for ETFs tracking Solana, Litecoin, and XRP, showcasing its intent to broaden regulated investor access to the digital asset ecosystem.
