金丝雀嵌入在受监管的金融工具中的革命性pengu etf嵌入链上NFT的所有权

在革命发展中，Canary Capital推出了Pengu ETF，这是一个直接拥有Pengu代币和矮胖的企鹅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已申请批准，以推出Pengu ETF，这是一个独特的交易所买卖基金（ETF），它将直接持有Pengu代币和矮胖的企鹅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.

正如彭博社报道的那样，这将其与大多数NFT链接的ETF区分开，这些ETF通过NFT相关的公司或令牌提供了曝光。 Pengu ETF通过将真实的，链NFT的所有权嵌入受监管的金融工具中，来迎接公牛的眼睛。

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.

据《申请文件》（NFTS NFTS），ETF仍在美国证券交易委员会（SEC）获得批准，将其资产的80-95％投资于Pengu代币（Pudgy Penguins生态系统的本地加密货币），而5-15％的资产将投资于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.

出于流动性的目的，该基金还将满足以太坊（ETH）和Solana（Sol）的一小部分，以满足交易需求。这种独特的结构使Pengu ETF成为第一个直接包括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已经批准了比特币ETF，但是这些资金通常投资于比特币期货合约，而不是直接持有加密货币。

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是一家专注于Web3金融产品的数字资产投资公司，旨在弥合NFTS与传统金融（TradFI）之间的差距。

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的申请还提到，NFT持有量将存储在冷藏钱包中，并由受监管的托管人（例如Coinbase Cansody或Anchorage Digital）监督。传统金融法规与NFT的快速发展的世界的整合是Pengu ETF的关键方面。

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.

尽管有希望，但彭古ETF的宣布也引发了怀疑。一些批评家质疑，散户投资者是否会在ETF上有足够的兴趣，该ETF专注于一个NFT项目，尤其是考虑到今年早些时候对元关联ETF的关注。

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争议，因为它们没有与股票或比特币相同的流动性和标准化的定价系统。

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的支持者强调，这将使机构和个人投资者的NFT投资合法化。通过简化拥有NFT的过程（满足对钱包，汽油成本和市场交易的需求），Pengu ETF可以在一般投资公众中更广泛地采用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也将是一个具有里程碑意义的决定，因为SEC从未认可基于NFT的ETF。 SEC将密切关注ETF如何重视其NFT持有量（无论是通过地板价格，历史交易还是定制估值模型）。

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.

最后，确保对投资者的公平流动性至关重要，尤其是因为NFT不像股票或加密代币那样容易交换。 ETF结构的这一方面将是SEC评估的关键因素。

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.

随着尘埃落定的悬而未决的彭格ETF申请的新闻，将其与传统艺术基金区分开来很重要。

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.

虽然瑞士联合银行（UBS）等机构拥有艺术基金，这些艺术基金投资于毕加索或班克斯等著名艺术家的宝贵艺术品，但这些资金的流动性通常很低。

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.

这意味着，如果投资者希望出售其在瑞银艺术基金中的股票，那么该基金可能需要几个月甚至几年才能出售基础资产（例如，毕加索绘画）并将收益退还给投资者。

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，如果获得SEC的批准，Pengu ETF将基于实时市场价格和地板跟踪，而投资者将能够像其他ETF一样以公开交易所购买和出售ETF的股票，使其具有高度的流动性。