Cboe BZX Files Form 19b-4 With SEC to List Canary PENGU ETF 

Uncover insights within the Bitcoin house. This article dives into: “Cboe BZX Files Form 19b-4 With SEC to List Canary PENGU ETF “.

The Cboe BZX change has filed Form 19b-4 with the United States Securities and Exchange Commission (SEC) looking for to listing and commerce shares of the Canary PENGU ETF. The submitting of Form 19b-4 follows the submitting of Form S-1 by Canary Capital to supply a spot ETF for the Solana (SOL) memecoin dubbed Pudgy Penguins (PENGU) in mid-March 2025.

As beforehand reported, the Canary PENGU ETF goals to carry between 80 and 95 p.c of its belongings in $PENGU memecoin and between 5 and 15 p.c within the Pudgy Penguins NFTs. The Canary Pengu ETF additionally intends to carry different crypto belongings led by Solana to facilitate seamless transactions.

Market Impact on Pengu Price Action

The submitting of Form 19b-4 is a significant milestone for the PENGU ETF journey, particularly amid the notable engagement between the U.S. SEC and the fund managers looking for to supply spot Solana ETFs. According to Eric Balchunas, an ETF analyst, the chances of the Canary PENGU ETF getting a node from the company stay excessive.

Furthermore, the company has been working to offer clear crypto pointers, which align with President Donald Trump’s directive on the United States main in digital belongings adoption. As a results of the constructive information, PENGU value gained 2 p.c on Wednesday to commerce at about $0.009732.

The mid-cap memecoin, with a totally diluted valuation of about $745 million and a 24-hour common buying and selling quantity of round $124 million, stays one of the wanted Solana-based Memecoins. Moreover, PENGU memecoin has a deep on-chain liquidity and is on the market for buying and selling on top-tier cryptocurrency exchanges (CEX).

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