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Image Credit: Blockonomi

SEC to Review First NFT-Backed ETF as PENGU Joins DOGE in Crypto Funds

  • CBOE has filed an ETF mixing PENGU tokens with Pudgy Penguins NFTs for SEC approval, potentially making history.
  • The ETF allocates up to 95% to PENGU tokens and 15% to NFTs, with no leverage or derivatives used.
  • SEC review is ongoing, with potential approval before March 1, according to Bloomberg's Eric Balchunas.
  • Canary Capital will select NFTs based on rarity, pricing, and visual appeal for the ETF, categorizing it as high risk.

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