Pudgy Penguins Jump +160% In Daily NFT Sales as Canary Capital Files $PENGU ETF

Canary Capital has filed an application with the SEC seeking to launch an exchange trading fund (ETF) for $PENGU and Pudgy Penguins non-fungible tokens.

A new filing tabled by the digital asset management firm, Canary Capital, with the United States Securities and Exchange Commission (SEC), requests the approval to launch an exchange trading fund (ETF) for $PENGU and Pudgy Penguins NFT collection, according to a Monday report by Igloo.

The filing from the asset management firm discloses a trust that will hold both spot PENGU and Pudgly Penguins NFTs, and may include other digital assets, such as Solana (SOL) and Ethereum (ETH), “as necessary or incidental” for transactions concerning the fund’s main holdings.

If approved, the ETF will be the first to hold crypto and NFTs, and will be managed by Canary Capital, which manages a crypto fund focusing on discounted assets and high risk-adjusted returns.

The report adds that the filing comes after a massive surge in the trading sales volume for Pudgy Penguins NFTs. Data from CoinGecko shows the non-fungible token collection has seen a 160% increase in sales today.

In the past 24 hours, the Pudgy Penguins NFT collection has amassed a trading sales volume of 681 ETH, while the non-fungible token 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 non-fungible token collection is known for its unique and collectible nature, with each non-fungible token showcasing a different pudgy penguin in a unique outfit and holding a distinct item.

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.

The filing, submitted to the SEC, details a trust that will hold both PENGU and Pudgly Penguins NFTs, and may include other digital assets, such as Solana and Ethereum, “as necessary or incidental” for transactions concerning the fund’s main holdings.

If approved, the ETF will be the first to hold crypto and NFTs, and will be managed by Canary Capital, a leading crypto fund manager focusing on discounted assets and risk-adjusted returns.

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