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**Canary Capital’s ETF Request Instigates PENGU Value Increase**
Canary Capital intends to enable financiers to gain entry to a collection of virtual properties through conventional brokerage profiles, eliminating the hazards and impediments of instantly buying and possessing these properties. The trust similarly intends to possess other virtual properties instantly or indirectly associated with PENGU tokens or Puggy Penguins NFTs, such as SOL and ETH. If sanctioned by the SEC, this would be the initial ETF in the U.S. to possess NFTs, delivering regulated institutional financiers with entry to this budding property category. The request was filed on March 20, 2025, and suggests possessing both PENGU spot tokens and Puggy Penguins NFTs.
**Robust Market Response: PENGU Value Skyrockets**
The PENGU token, released on Solana in December 2025, was mainly airdropped to associates of the Ethereum and Solana societies, as well as other distinct clusters, and Pudgy Penguins NFT possessors. Thus far, Bitcoin and Ethereum are the sole two virtual properties for which the SEC has sanctioned ETFs. Nevertheless, as U.Today stated, numerous property administration companies have lately submitted ETF requests for SOL, XRP, and other cryptocurrencies. Following the declaration of the ETF request, the Toncoin (TON) Value Forecast for March 26th of the PENGU token increased, with trading volume also spiking on major cryptocurrency exchanges, mirroring initial robust financier eagerness. However, these profits were subsequently erased due to the continuous market recession. Property administration firm Canary Capital has formally submitted an exchange-traded fund (ETF) request to the SEC, with the underlying property being PENGU, the governance token of the widespread non-fungible token (NFT) project Pudgy Penguins.
Assuming PENGUs ETF gets the green light, it would represent a pivotal juncture for NFTs and virtual collectibles. They’ve encountered obstacles in securing institutional endorsement as a valid asset category, and this sanction would denote a substantial alteration in that understanding. It’s akin to declaring, “Look, even the prominent figures are commencing to pay attention!”
