The Cboe BZX exchange has filed Form 19b-4 with the United States Securities and Exchange Commission (SEC) seeking to list and trade shares of the Canary PENGU ETF. The filing of Form 19b-4 follows the filing of Form S-1 by Canary Capital to offer a spot ETF for the Solana (SOL) memecoin dubbed Pudgy Penguins (PENGU) in mid-March 2025.
As previously reported, the Canary PENGU ETF aims to hold between 80 and 95 percent of its assets in $PENGU memecoin and between 5 and 15 percent in the Pudgy Penguins NFTs. The Canary Pengu ETF also intends to hold other crypto assets led by Solana to facilitate seamless transactions.
The filing of Form 19b-4 is a major milestone for the PENGU ETF journey, especially amid the notable engagement between the U.S. SEC and the fund managers seeking to offer spot Solana ETFs. According to Eric Balchunas, an ETF analyst, the odds of the Canary PENGU ETF getting a node from the agency remain high.
Furthermore, the agency has been working to provide clear crypto guidelines, which align with President Donald Trump’s directive on the United States leading in digital assets adoption. As a result of the positive news, PENGU price gained 2 percent on Wednesday to trade at about $0.009732.
The mid-cap memecoin, with a fully diluted valuation of about $745 million and a 24-hour average trading volume of around $124 million, remains one of the most sought after Solana-based Memecoins. Moreover, PENGU memecoin has a deep on-chain liquidity and is available for trading on top-tier cryptocurrency exchanges (CEX).
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Market analysts have released a new list of the top cryptos to buy today, highlighting…
Ripple has announced a strategic partnership with Absa Bank to offer digital asset custody services…
Japan is set to take a firm stance against insider trading in the cryptocurrency sector,…
The long-time veteran trader, known for accurately calling Bitcoin’s 2017 and 2021 tops, has issued…
Ever tried buying something with Bitcoin and watched the store owner's face go completely blank?…
On October 14, both crypto ETFs, Bitcoin and Ethereum, made a small comeback. Bitcoin ETFs…
