金絲雀嵌入在受監管的金融工具中的革命性pengu etf嵌入鏈上NFT的所有權

在革命發展中，Canary Capital推出了Pengu ETF，這是一個直接擁有Pengu代幣和矮胖的企鵝NFTS的交易所交易基金（ETF）。

Canary Capital has filed for approval to launch the PENGU ETF, a unique exchange-traded fund (ETF) that would directly hold both PENGU tokens and Pudgy Penguins NFTs.

Canary Capital已申請批准，以推出Pengu ETF，這是一個獨特的交易所買賣基金（ETF），它將直接持有Pengu代幣和矮胖的企鵝NFT。

As reported by Bloomberg, this distinguishes it from most NFT-linked ETFs which provide exposure through NFT-related companies or tokens. The PENGU ETF is going for the bull’s-eye by embedding real, on-chain NFT ownership in a regulated financial instrument.

正如彭博社報導的那樣，這將其與大多數NFT鏈接的ETF區分開，這些ETF通過NFT相關的公司或令牌提供了曝光。 Pengu ETF通過將真實的，鏈NFT的所有權嵌入受監管的金融工具中，來迎接公牛的眼睛。

The ETF, still pending approval from the U.S. Securities and Exchange Commission (SEC), would invest 80-95% of its assets in PENGU tokens—the native cryptocurrency of the Pudgy Penguins ecosystem—and 5-15% in Pudgy Penguins NFTs, according to the filing.

據《申請文件》（NFTS NFTS），ETF仍在美國證券交易委員會（SEC）獲得批准，將其資產的80-95％投資於Pengu代幣（Pudgy Penguins生態系統的本地加密貨幣），而5-15％的資產將投資於Pudgy Penguins NFTS。

For liquidity purposes, the fund would also hold small portions of Ethereum (ETH) and Solana (SOL) for transactional needs. This unique structure makes the PENGU ETF the first fund to directly include NFTs.

出於流動性的目的，該基金還將滿足以太坊（ETH）和Solana（Sol）的一小部分，以滿足交易需求。這種獨特的結構使Pengu ETF成為第一個直接包括NFT的基金。

The SEC has already approved Bitcoin ETFs, but those funds typically invest in Bitcoin futures contracts rather than directly holding the cryptocurrency.

SEC已經批准了比特幣ETF，但是這些資金通常投資於比特幣期貨合約，而不是直接持有加密貨幣。

Canary Capital, a digital asset investment company focused on Web3 financial products, is aiming to bridge the gap between NFTs and traditional finance (TradFi).

Canary Capital是一家專注於Web3金融產品的數字資產投資公司，旨在彌合NFTS與傳統金融（TradFI）之間的差距。

The application for the ETF also mentions that the NFT holdings would be stored in a cold storage wallet and overseen by regulated custodians such as Coinbase Custody or Anchorage Digital. This integration of traditional financial regulations with the rapidly evolving world of NFTs is a key aspect of the PENGU ETF.

ETF的申請還提到，NFT持有量將存儲在冷藏錢包中，並由受監管的託管人（例如Coinbase Cansody或Anchorage Digital）監督。傳統金融法規與NFT的快速發展的世界的整合是Pengu ETF的關鍵方面。

Despite the promise, the announcement of the PENGU ETF has also sparked skepticism. Some critics question whether there would be enough interest from retail investors in an ETF focused on a single NFT project, especially considering the attention given to metaverse-linked ETFs earlier in the year.

儘管有希望，但彭古ETF的宣布也引發了懷疑。一些批評家質疑，散戶投資者是否會在ETF上有足夠的興趣，該ETF專注於一個NFT項目，尤其是考慮到今年早些時候對元關聯ETF的關注。

Moreover, the valuation method for the NFTs is subject to debate, as they do not have the same liquidity and standardized pricing systems as stocks or Bitcoin.

此外，NFTS的估值方法可能存在爭議，因為它們沒有與股票或比特幣相同的流動性和標準化的定價系統。

However, proponents of the ETF highlight that it would legitimize NFT investments for both institutional and individual investors. By streamlining the process of owning NFTs—eliminating the need for wallets, gas costs, and marketplace transactions—the PENGU ETF could foster broader adoption of NFTs among the general investing public.

但是，ETF的支持者強調，這將使機構和個人投資者的NFT投資合法化。通過簡化擁有NFT的過程（滿足對錢包，汽油成本和市場交易的需求），Pengu ETF可以在一般投資公眾中更廣泛地採用NFT。

The approval of the ETF by the SEC would also be a landmark decision, as the SEC has never yet endorsed an NFT-based ETF. The SEC will be keeping a close eye on how the ETF values its NFT holdings—whether through floor prices, historical trades, or custom valuation models.

SEC批准ETF也將是一個具有里程碑意義的決定，因為SEC從未認可基於NFT的ETF。 SEC將密切關注ETF如何重視其NFT持有量（無論是通過地板價格，歷史交易還是定制估值模型）。

Finally, ensuring fair liquidity to investors will be crucial, especially since NFTs are not as easily exchangeable as stocks or crypto tokens. This aspect of the ETF's structure will be a key factor in the SEC's evaluation.

最後，確保對投資者的公平流動性至關重要，尤其是因為NFT不像股票或加密代幣那樣容易交換。 ETF結構的這一方面將是SEC評估的關鍵因素。

As the dust settles on the news of the pending application for the groundbreaking PENGU ETF, it’s important to differentiate it from conventional art funds.

隨著塵埃落定的懸而未決的彭格ETF申請的新聞，將其與傳統藝術基金區分開來很重要。

While institutions like Union Bank of Switzerland (UBS) have art funds that invest in valuable artworks by renowned artists like Picasso or Banksy, these funds typically have very low liquidity.

雖然瑞士聯合銀行（UBS）等機構擁有藝術基金，這些藝術基金投資於畢加索或班克斯等著名藝術家的寶貴藝術品，但這些資金的流動性通常很低。

This means that if an investor wishes to sell their shares in the UBS art fund, it could take several months, or even years, for the fund to sell the underlying asset—a Picasso painting, for instance—and return the proceeds to the investor.

這意味著，如果投資者希望出售其在瑞銀藝術基金中的股票，那麼該基金可能需要幾個月甚至幾年才能出售基礎資產（例如，畢加索繪畫）並將收益退還給投資者。

In contrast, the PENGU ETF, if approved by the SEC, would be based on real-time market prices and floor tracking, and investors would be able to buy and sell shares of the ETF on an open exchange, just like any other ETF, rendering it highly liquid.

相比之下，如果獲得SEC的批准，Pengu ETF將基於實時市場價格和地板跟踪，而投資者將能夠像其他ETF一樣以公開交易所購買和出售ETF的股票，使其具有高度的流動性。