Pudgy Penguins Publisher IGLOO Announces ETF Application
Pudgy Penguins publisher IGLOO has announced that the asset management company Canary Capital has submitted an ETF application for PENGU and Pudgy Penguins NFTs to the SEC. According to the prospectus, the ETF will adopt a pioneering model that simultaneously holds PENGU and Pudgy Penguins NFTs. This appears to be the first ETF to propose NFTs as an investment target.
In addition, the ETF will also hold other digital assets, such as SOL and ETH. The official statement indicates that these assets are necessary or ancillary to the purchase, sale, and transfer of the trust-held PENGU and Pudgy Penguins NFTs.
