The digital asset management firm Canary Capital has filed an application before the United States Securities and Exchange Commission (SEC) seeking to launch an exchange trading fund (ETF) for $PENGU and Pudgy Penguins non-fungible token collection. In response to the ETF application, the trading sales volume for Pudgy Penguins NFTs has surged over 160% from the past day.
Today, $PENGU and Pudgy Penguins NFTs were included in an ETF filing by Canary Capital. pic.twitter.com/GaqMsa3zhg
— Igloo (@IglooInc) March 20, 2025
Pudgy Penguins Jump +160% In Daily NFT Sales
Data compiled by CoinGecko.com, an on-chain crypto market aggregator and a non-fungible token explorer, shows the Pudgy Penguins non-fungible token collection has increased sales today. In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of 681 ETH, up 161% from the past day. The Pudgy Penguins NFT floor has spiked sharply, rising to over 10 ETH.
Launched in 2021, Pudgy Penguins is a non-fungible token collection from the digital asset firm Igloo featuring a limited set of 8,888 digital items hosted on the Ethereum blockchain networks. The Pudgy Penguins NFT team recently launched $PENGU, a meme coin launched on the Solana blockchain with plans to expand to the Ethereum blockchain network and other ecosystems. In the past 24 hours, $PENGU has spiked to $0.0007, up over 10% from the previous day.
The recent spike in Pudgy Penguins NFT floor and $PENGU is associated with yesterday’s ETF filling. On March 20, 2025, Canary Capital tabled an application before the United States Securities and Exchange Commission, seeking plans to launch an ETF. The digital asset firm sought to explore the Pudgy Penguins governance token, $PENGU, and a collection of its NFTs.
Canary Capital Files $PENGU ETF
The filing outlines that the trust will hold spot PENGU and Pudgy Penguins NFTs, with additional digital assets like Solans and Ethereum included “as necessary or incidental” for transactions involving the fund’s primary holdings. If approved, Canary Capital will become the first asset manager to file for an exchange-traded fund holding crypto and non-fungible tokens. Canary Capital is a leading crypto fund management focusing on discounted assets and risk-adjusted returns.
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