CBOE Files 19b-4 for Canary PENGU ETF Combining Solana Memecoin and Pudgy Penguins NFTs; SEC Review Underway

29 posts • GPT (4.1 mini)

Updated Jul 4, 2025, 01:45 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. This ETF is notable for being the first of its kind to combine the Solana-based memecoin $PENGU with Pudgy Penguins non-fungible tokens (NFTs). The filing marks $PENGU as the second memecoin, following Dogecoin (DOGE), to enter the SEC's formal review process alongside cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and XRP.

The ETF was internally approved by CBOE on June 10, 2025, and the SEC review is now underway. Canary Capital is behind the ETF application. Following the filing, $PENGU's market capitalization surged to approximately $896 million, with projections suggesting it could reach $1.25 billion and capture up to 2.5% of the memecoin market share if current momentum continues. The Pudgy Penguins NFTs have previously accounted for nearly 40% market share within their category. The memecoin has experienced strong performance, with a 300% year-to-date increase, supported by smart money inflows, whale accumulation, and interest from platforms like Revolut and Nasdaq. The filing represents a potential milestone as the first ETF to hold NFTs, signaling growing institutional interest in memecoin and NFT integration.

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

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Sources

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voh

@vohvohh

Apparently people are getting paid to talk about Pengu I would never promote a memecoin, especially one of a bird with an internationally recognized IP that has amassed 5b+ giphy views, and is the most rewarding memecoin of this cycle. You can buy Pengu on every major exchange!

TylerD 🧙‍♂️

@Tyler_Did_It

Pengu Fartcoin barbell looks good here

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.