According to the S-1 file submitted to the US Securities and Stock Exchange Commission (SEC), Crypto Asset Manager Canary Capital applied for a new NFT-based stock investment fund (ETF). The application is expected to invest in PUDGY Penguins NFT project. Investments in the file can directly cover PUDGY Penguins NFTs, Pengu Tokeni and ETH and other crypto assets such as left.
NFT -oriented ETF
The S-1 file, prepared by Canary Capital, will be presented under the name of “Canary Pengu Etf ,, which includes the information that the project-specific NFTs and other crypto assets that support the necessary or side activities will contain. This structure aims to ensure that investors have access to opportunities in both project -oriented and general crypto asset markets.
Among the other ETF applications of the company, XRP, Water, Litecoin $93.14This attempt, which is the continuation of the file series, is seen in the market, while there are Axellar and Hedera funds. These applications reveal the reflections of increasing interest and regulatory approaches to the ETF market.
Crypto ETF Applications
SEC’s first spot Bitcoin in January 2024 
$84,164.68 Following the approval of ETFs, giving approval for ETH -based products was considered among the developments that could create a reference for the market. However, Altcoin ETF applications have increased with the US administration reshaping the SEC. Exporters found courage.
In addition, the release of BTC-ETH ETFs developed jointly by Franklin Templeton and Hashdex points to different aspects of the sector. There are currently over 40 ETF applications and we see 5 applications in examples such as left coins. Before the end of the year, the last decision date of these applications will be expired.
This file offered by Canary Capital shows alternative products to investors and shows that regulatory developments in the digital asset market are closely monitored. Market observers and investors who want to monitor developments carefully evaluate the approval process of ETF applications.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
