Cboe BZX Files Form 19b-4 With SEC to List Canary PENGU ETF
The Cboe BZX trade has filed Kind 19b-4 with the USA Securities and Alternate Fee (SEC) searching for to record and commerce shares of the Canary PENGU ETF. The submitting of Kind 19b-4 follows the submitting of Kind S-1 by Canary Capital to supply a spot ETF for the Solana (SOL) memecoin dubbed Pudgy Penguins (PENGU) in mid-March 2025.
As beforehand reported, the Canary PENGU ETF goals to carry between 80 and 95 % of its property in $PENGU memecoin and between 5 and 15 % within the Pudgy Penguins NFTs. The Canary Pengu ETF additionally intends to carry different crypto property led by Solana to facilitate seamless transactions.
Market Influence on Pengu Worth Motion
The submitting of Form 19b-4 is a serious milestone for the PENGU ETF journey, particularly amid the notable engagement between the U.S. SEC and the fund managers searching for to supply spot Solana ETFs. Based on Eric Balchunas, an ETF analyst, the odds of the Canary PENGU ETF getting a node from the company stay excessive.
Moreover, the company has been working to supply clear crypto pointers, which align with President Donald Trump’s directive on the USA main in digital property adoption. On account of the constructive information, PENGU value gained 2 % on Wednesday to commerce at about $0.009732.
The mid-cap memecoin, with a completely diluted valuation of about $745 million and a 24-hour common buying and selling quantity of round $124 million, stays one of the crucial wanted Solana-based Memecoins. Furthermore, PENGU memecoin has a deep on-chain liquidity and is offered for buying and selling on top-tier cryptocurrency exchanges (CEX).
