The SEC has officially acknowledged receipt of the Canary PENGU ETF application, the first-ever Meme token and NFT blended spot ETF.

On August 1st, the U.S. Securities and Exchange Commission (SEC) officially acknowledged the receipt of the Canary PENGU ETF application. This ETF is the first of its kind, being a blend of Meme Token and NFT in a spot ETF. With the growing attention from Wall Street, market participants anticipate a decisive moment of convergence between digital assets and traditional finance. The Canary Spot PENGU ETF intends 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 consist of top NFT "chonky penguins" Pudgy Penguins and be 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 assess and rotate these holdings to maintain the optimal portfolio. Incorporating NFTs into a regulated ETF represents a notable shift in financial asset awareness, although it is an extraordinary one.