NiftyNoon: Is Canary Capital’s Pudgy Penguins ETF a New Paradigm for Crypto? 🏦🐧📈
Canary Capital filed for an industry-first ETF comprised of $PENGU and Pudgy Penguins NFTs with the SEC (March 21, 2025)
Nifty Thought:
Canary Capital filed for an industry-first ETF comprised of $PENGU and Pudgy Penguins NFTs with the SEC. Much of this current bull market has been driven by ETFs such as BlackRock’s IBIT enabling non-crypto natives to easily purchase spot Bitcoin using traditional finance rails. While the ease of use of these ETFs is crucial, the impact has only been meaningful because there is legitimate retail and institutional demand to make use of these ETFs. While institutional demand for Pudgy Penguins remains to be seen, there is clearly retail interest in the brand given the group’s strong social media presence and merchandise sales. Should this momentum continue, the Pudgy Penguins ETF could capture legitimate retail interest and validate the concept of alternative crypto ETFs as a whole. However, all of this is still predicated on the SEC approving this filing, which remains to be seen.
Highlighted News:
🇺🇸 Today President Trump spoke at the Blockworks Digital Asset Summit — becoming the first sitting president in history to address a crypto conference:
https://x.com/davidsacks47/status/1902889014790639703
💊 Introducing PumpSwap, Pump’s new native DEX:
https://x.com/pumpdotfun/status/1902762309950292010?s=46
🐧 Today, $PENGU and Pudgy Penguins NFTs were included in an ETF filing by Canary Capital:
https://x.com/IglooInc/status/1902744735174783475
📈 Pudgy Penguin floor pumps to above 10 ETH following news of their filing for an ETF which includes the NFTs:
https://x.com/punk9059/status/1902750550636236806?s=46
Project and Community News:
SEC publishes guidance on proof of work mining: https://x.com/BitcoinMagazine/status/1902792164028879000
$PENGU & Pudgy Penguin NFT ETF filing: https://x.com/lucanetz/status/190274452832852nCLIQsKm2IncEWm1gJEg
Metaplanet welcome Eric Trump to newly formed MetaPlanet Strategic Board of Advisors: https://x.com/gerovich/status/1902890774758560120
Tether was the 7th largest buyer of U.S. Treasuries in 2024, compared to Countries: https://x.com/paoloardoino/status/1902689997766922318
Total stablecoin market cap surpasses $230B for the first time ever, up over $5.1B in the past 30 days and $2.3B in just the past week: https://x.com/DefiLlama/status/1902868668750418155
@rodarmor just announced an upgrade to the Runes Protocol called "agents" that will allow for Runes AMMs on Bitcoin L1: https://x.com/ord_io/status/1902580325328228458?s=46
NEAR Co-Founder Illia Polosukhin Presents New AI Research at NVIDIA GTC 2025: https://x.com/NEARProtocol/status/1902439653833118011
3.20.25 Executive Summary on ByBit Hacked Funds: https://x.com/benbybit/status/1902635986259247207
TRX on SOL is now live: https://x.com/justinsuntron/status/1902734310274150464
TON Foundation announces leading US-Based VCs invest over $400M in Toncoin: https://x.com/ton_blockchain/status/1902738052432515324
Walrus Mainnet will be live on March 27: https://x.com/WalrusProtocol/status/1902729817520222710
Stargate has integrated @Circle’s Cross-Chain Transport Protocol (CCTP): https://x.com/stargatefinance/status/1902351199862714730?s=46
MoonPay announce a new $200M revolving credit line from @GalaxyHQ: https://x.com/moonpay/status/1902749350192701633
@DefinitiveFi sharing the exact criteria for the 124K eligible addresses for our upcoming EDGE airdrop: https://x.com/DefinitiveFi/status/1901739811872112641
@WatcherGuru X account has been hacked and the previous post (now deleted) was posted by a hacker: https://x.com/WatcherGuru/status/1902915925113766349
$SEI and $PLUME. Now tradable at @PumpDotFun’s new AMM ‘PumpSwap’ on
@Solana: https://x.com/StargateFinance/status/1902762987850699113
@AdamWeitsman has acquired four Mega Mutants: https://x.com/ptmnft/status/1902536659897376895?s=46
An investigation into the alleged identity of the mysterious Hyperliquid whale tied to illicit activity that profited ~$20M via highly leveraged positions over the past couple weeks: https://x.com/zachxbt/status/1902713021937426495
Quick Stats:
👾 Blur ETH Daily Volume: 1,307 ETH (▲ 100.65%)
🌊 OpenSea ETH Daily Volume: 930 ETH (▲ 3.92%)
🟠 BTC : $83,611.22 (▼ 2.02%)
🔷 ETH: $1,947.59 (▼ 2.49%)
🟣 Solana: $125.97 (▼ 3.68%)
🟪 Polygon: $0.20 (▼ 3.90%)
Top NFT Sales:
CryptoPunks #6338: 51.00 ETH
CryptoPunks #5541: 47.50 ETH
Bored Ape Yacht Club #1558: 15.49 ETH
NFT Daily Winners:
🧦 Bitcoin Puppets: 0.05 BTC (▲ 12.07%)
🐵 NodeMonkes: 0.05 BTC (▲ 7.38%)
😡 Mad Lads: 50.98 SOL (▲ 6.25%)
👩🏻 Milady Maker: 3.49 ETH (▲ 2.05%)
💼 Ordinal Maxi Biz: 0.03 BTC (▲ 1.57%)
🦧 Bored Ape Yacht Club: 12.69 ETH (▲ 0.87%)
🐧 Pudgy Penguins: 9.64 ETH (▲ 0.63%)
⛩ Azuki: 2.49 ETH (▲ 0.39%)
🚬 CryptoPunks: 38.40 ETH (► 0.00%)
🏳🌈 Chromie Squiggles: 3.98 ETH (► 0.00%)
NFT Daily Losers:
👾 Tensorians: 3.40 SOL (▼ 1.59%)
🍭 Mocaverse: 2.05 ETH (▼ 2.41%)
🏴☠ Captainz: 0.83 ETH (▼ 9.90%)
🐱 Quantum Cats: 0.10 BTC (▼ 10.87%)
Notes:
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