DeFi Daily News
Monday, August 4, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Canary Capital breaks new ground with an NFT-inclusive crypto ETF featuring Pudgy Penguins

Gino Matos by Gino Matos
March 20, 2025
in Ethereum
0 0
0
rewrite this title Canary Capital breaks new ground with an NFT-inclusive crypto ETF featuring Pudgy Penguins
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Canary Capital has filed an S-1 form with the Securities and Exchange Commission (SEC) to launch a crypto exchange-traded fund (ETF) that provides exposure to the PENGU token and the Pudgy Penguins non-fungible token (NFT) collection.

This marks the first crypto-related ETF offering connected to an NFT collection.

According to the filing, the fund will invest in a portfolio consisting of PENGU tokens and NFTs from the Pudgy Penguins collection. 

Additionally, the fund will hold Solana (SOL) and Ethereum (ETH), which the filing describes as “necessary or incidental to the purchase, sale, and transfer of the Trust’s PENGU and Pudgy Penguins NFTs.” 

PENGU, the native token of the Pudgy Penguins ecosystem, currently has a market capitalization of $435 million. One hour after the news, the token’s price jumped over 7% to $0.0073. In the same period, the floor price of the Pudgy Penguins NFTs jumped by over 0.5 ETH.

Luca Netz, CEO of Pudgy Penguins, acknowledged the filing, calling it “history.” Igloo Inc., the parent firm behind the Pedgy Penguins collection, added:

“We believe that Pudgy Penguins is the face of crypto, representing innovation and the mass adoption of blockchain technology. Being included in this filing is a strong validation of that belief.”

Historically out of the box

Canary Capital has a track record of unconventional crypto-related ETF filings. On November 12, 2024, the firm filed an S-1 form for the first Hedera (HBAR) ETF, which attracted attention as HBAR was outside the top 20 crypto by market capitalization. 

The move surprised some analysts, such as Bloomberg senior ETF analyst Eric Balchunas, who said using Google to understand what Hedera is.

This trend has continued in 2025. Canary filed the S-1 form for the first Axelar (AXL) ETF on March 5 and followed up with the first Sui (SUI) ETF filing on March 17, shortly after registering it in Delaware on March 6. 

These filings suggest a broader effort by Canary to expand the scope of crypto-related ETFs beyond traditional assets such as Bitcoin (BTC) and Ethereum, testing the waters with the SEC on how far the filings can go.

Mentioned in this article

XRP Turbo

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BreaksCanaryCapitalCryptoETFFeaturingGroundNFTinclusivePenguinsPudgyrewritetitle
ShareTweetShare
Previous Post

Stocks rising, health of the US job market, spring real estate hurdles

Next Post

rewrite this title Lifelines FlowCrafts for Teens and Adults only $17.99!

Next Post
rewrite this title Lifelines FlowCrafts for Teens and Adults only .99!

rewrite this title Lifelines FlowCrafts for Teens and Adults only $17.99!

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
Top 19 crypto coins that will EXPLODE in July 2025!!

Top 19 crypto coins that will EXPLODE in July 2025!!

July 2, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

August 29, 2024
rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

rewrite this title 4 Secrets from Chefs for Better Cruise Dining – NerdWallet

November 15, 2024
rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

January 15, 2025
rewrite this title Everton ready to move for “magnificent” ace who scores 5x more than Dibling

rewrite this title Everton ready to move for “magnificent” ace who scores 5x more than Dibling

August 4, 2025
rewrite this title  Billion In Stolen Bitcoin? Arkham Intelligence Unveils Biggest BTC Heist To Topple Bybit’s .5 Billion Theft

rewrite this title $14 Billion In Stolen Bitcoin? Arkham Intelligence Unveils Biggest BTC Heist To Topple Bybit’s $1.5 Billion Theft

August 4, 2025
rewrite this title Bitcoin Recovery at Risk Amid Macro Headwinds – Decrypt

rewrite this title Bitcoin Recovery at Risk Amid Macro Headwinds – Decrypt

August 4, 2025
rewrite this title QCP Capital: Despite Three Consecutive Friday Selloffs, Bitcoin’s Broader Uptrend Remains Intact

rewrite this title QCP Capital: Despite Three Consecutive Friday Selloffs, Bitcoin’s Broader Uptrend Remains Intact

August 4, 2025
rewrite this title and make it good for SEODividend Growth Bi-Weekly Chat 08/04/2025

rewrite this title and make it good for SEODividend Growth Bi-Weekly Chat 08/04/2025

August 4, 2025
rewrite this title Growth & Total Return Weekly Chat

rewrite this title Growth & Total Return Weekly Chat

August 4, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.