U.S. SEC Accepts Application for PENGU Physical ETF, Could Boost Meme Coin ETFs

On the 9th, the U.S. Securities and Exchange Commission (SEC) formally accepted the application for the Canary PENGU ETF, a physical exchange-traded fund. This acceptance marks a significant step towards the approval of ETFs that offer investment opportunities in meme coins. It is important to note that acceptance does not equate to approval but indicates that the SEC will proceed with its review process. The Canary PENGU Physical ETF is designed to track the price performance of the meme coin PENGU, providing investors with a regulated and convenient access to digital assets. The S1 document was filed in March this year. According to information reported by Reuters on the 7th of this week, ...