SEC confirms the first Meme Token and NFT hybrid ETF application, with PENGU as the core asset.

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[Block Rhythm] On August 1, the SEC has officially confirmed the receipt of the Canary PENGU ETF application, which is the first Meme Token and NFT mixed Spot ETF. As Wall Street's follow increases, market participants expect a decisive moment of the intersection between digital assets and TradFi is imminent.

Canary Spot PENGU ETF plans to allocate 80-95% of its portfolio to Solana Meme Token PENGU, which is central to the Pudgy Penguins brand, while the remaining 5-15% will consist of top NFT "Pudgy Penguins" and will moderately allocate Solana and Ethereum to enhance liquidity. This holding structure reflects an aggressive investment strategy. The ETF plans to hold specific NFTs based on factors such as rarity, visual appeal, and market value, with the fund manager actively evaluating and rotating these holdings to maintain an optimal portfolio. Incorporating NFTs into a regulated ETF marks an unusual yet noteworthy shift in the perception of financial assets.

MEME0.05%
PENGU-1.08%
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degenonymousvip
· 08-04 06:57
Let's go! This wave can blow up!
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GateUser-1a2ed0b9vip
· 08-04 06:17
Finally, it's the turn of the memes.
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SatoshiLegendvip
· 08-01 07:52
Proof problem: Mathematical proof process of the new algorithm for playing people for suckers... Let's observe the historical data.
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SingleForYearsvip
· 08-01 07:51
Want to play people for suckers again, huh?
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MonkeySeeMonkeyDovip
· 08-01 07:46
Are you just blowing hot air here?
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PanicSellervip
· 08-01 07:43
Does anyone really believe this?
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