Canary Capital has filed an application with the SEC to launch an ETF for $PENGU and the Pudgy Penguins NFT collection, causing a spike in Pudgy Penguins NFT sales.
Surge in Pudgy Penguins NFT Sales
Data from CoinGecko.com shows a 161% increase in Pudgy Penguins NFT trading volume in the past 24 hours, reaching 681 ETH. The floor price of Pudgy Penguins has surged to over 10 ETH following the news.
Pudgy Penguins Collection and $PENGU Token
Launched in 2021, the Pudgy Penguins collection consists of 8,888 digital items on the Ethereum blockchain. The $PENGU token, launched on Solana blockchain, has increased by over 10% to $0.0007 in the last 24 hours, with plans to expand to the Ethereum network and other ecosystems.
Canary Capital's $PENGU ETF Application
On March 20, 2025, Canary Capital filed with the SEC to launch an ETF including $PENGU and Pudgy Penguins NFTs. The fund's holdings might include Solana and Ethereum for transactions. If approved, Canary Capital will be the first asset manager to file for an ETF holding both cryptocurrency and NFTs.
Canary Capital aims to pioneer a new direction in asset management with its ETF application for cryptocurrency and NFTs. The increased trading volume of Pudgy Penguins suggests significant interest in this asset class.
