U.S. SEC Extends Review Period for Canary PENGU ETF
- The U.S. SEC has extended the decision deadline for the Canary PENGU ETF by an additional 60 days, now set for March 11.
- This marks the second extension of the review period since proceedings began in September.
- If approved, the ETF will provide exposure to PENGU tokens and Pudgy Penguins NFTs.
- The fund aims to be only the second meme coin ETF in the U.S., following Dogecoin.
- Currently, PENGU futures open interest has decreased by about 2% to $112.32 million over the last day.
The SEC’s decision to extend its review period allows more time to consider this unique ETF proposal focused on a meme coin and NFTs, which could impact market dynamics significantly if approved.
With a new deadline of March 11, market participants are closely monitoring developments regarding the potential listing of this innovative ETF on Cboe BZX Exchange.(Source)
