CBOE Files 19b-4 for Canary PENGU ETF, First NFT-Focused ETF Backed by Solana Memecoin, Under SEC Review with $896M Market Cap

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Updated Jul 4, 2025, 12:34 AM

The Chicago Board Options Exchange (CBOE) has filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) to list and trade the Canary PENGU ETF, which is backed by the Solana-based memecoin $PENGU and the Pudgy Penguins NFTs. This filing marks the first-ever NFT-focused ETF and the second memecoin-style ETF to enter the SEC's formal review process, joining established cryptocurrencies such as Bitcoin (BTC), Solana (SOL), Ripple (XRP), and Dogecoin (DOGE). The ETF was internally approved by CBOE on June 10, 2025, and its SEC review is currently underway.

Following the filing, $PENGU’s market capitalization surged to approximately $896 million and has continued to grow, with projections suggesting it could reach $1.25 billion and a 2.5% market share of all memecoins. The token has experienced a 300% year-to-date increase, supported by notable accumulation and interest from platforms like Revolut and Nasdaq. The Pudgy Penguins NFTs have also played a significant role in this momentum, previously capturing nearly 40% market share in their category. $PENGU leads smart money inflows and weekly percentage gains among major memecoins, positioning it as a strong contender for the top memecoin on Solana. The ETF represents a pioneering step in combining cryptocurrency and NFTs within a regulated investment vehicle, with the potential to influence future memecoin and NFT-related financial products.

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#Chicago Board Options Exchange #CBOE #SEC #Canary #Solana #Pudgy Penguins #Bitcoin #Ripple #Dogecoin #Revolut #Nasdaq

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Sources

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SpiderCrypto 🧑‍🍳🧲

@SpiderCrypto0x

Ain’t it amazing that $pengu is 1b again? Jobs not done until this is past ath. One of the brands that constantly is pushing content and driving the industry forward. What comes next is $pengu etf and virality from robinhood.