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Author | Weilin, PANews On March 20, U.S.-based financial firm Canary Capital filed an application with the SEC for the Canary PENGU ETF, a fund designed to hold both Pudgy Penguins NFTs and the $PENGU token. According to the proposal, the ETF would allocate 80-95% of its holdings to $PENGU and 5-15% to Pudgy Penguins NFTs. The news sparked heated discussions within the Pudgy Penguins community and the broader crypto market—especially since Canary’s social media profile picture Features a Pudgy Penguin NFT. Founded just six months ago, Canary Capital has already submitted multiple filings for alternative crypto ETFs. But skepticism is growing: Is there real demand for these funds, or are they just publicity stunts? PENGU ETF Hype Fizzles—Will Boomer Bite? After the PENGU ETF announcement, the token’s price initially surged nearly 10% to $0.0075, reflecting short-term optimism. However, by March 21 at 7:30 AM ET, it had dropped to $0.0062, down 8.63% over 24 hours, suggesting the hype ...

The interest around exchange traded funds (ETFs) has been rising without a stop. Several have been diving into this sector with altcoins. While firms have already filed for prominent altcoins like Dogecoin (DOGE), Litecoin (LTC), XRP, Solana (SOL) ETFs, Shiba Inu did not want to be left behind. The community behind the meme coin network was seen pitching the idea of filing for a Shiba Inu ETF to firms like BlackRock and Grayscale Investments. Also Read: De-Dollarization: Deutsche Bank Predicts The Future Of The US Dollar Here’s Why Shiba Inu ETF Could Be A Game Changer Source: Watcher Guru Through a recent tweet, Shibarium Updates revealed several reasons on why firms like Grayscale and BlackRock should launch a SHIB ETF in the United States. In the post, the community member highlights why Shiba Inu could be a game changer in the sector. The X post notes how Shiba Inu ETFs have enormous market potential because of their robust community. Along with this, high liquidity, and retai...

Leading US-based crypto exchange Coinbase has launched Solana (SOL) futures contracts on its regulated derivatives platform.  Announced in a Feb. 19 Coinbase blog post , the launch of CFTC-regulated SOL futures aims to drive institutional adoption of Solana and could pave the way for approval of spot Solana ETFs (exchange-traded funds) in the US. Coinbase SOL Futures Products Include Contracts For Under $1,000 Coinbase’s SOL futures contracts are standardized agreements to buy or sell an underlying asset at a future date. According to the blog post, Coinsbase’s products will include standard contracts representing 100 SOL as well as retail-focused “nano” contracts representing just 5 SOL.  Coinbase Derivatives, LLC now offers CFTC-regulated futures for $SOL and $HBAR –bringing more institutional-grade crypto products to the U.S. futures market. pic.twitter.com/rLJz1bQGRA — Coinbase Institutional 🛡️ (@CoinbaseInsto) Febr...

Shiba Inu (SHIB) has long yearned for a high-price spot. The meme coin is extremely popular within the crypto space and has proven its mettle from time to time after displaying credible potential to ace new highs. However, SHIB enthusiasts have long been standing in the queue, awaiting the token’s surge to crucial price spots such as the token claiming $0.001 or $0.01. Will this price target be easily attainable if SHIB ETFs become a reality? Let’s find out. Also Read: Visa Partners with Fold to Introduce Bitcoin-Backed Credit Card SHIB ETFs To Help The Token Claim $0.001? Source: Watcher Guru Shiba Inu is a leading meme token, which is currently sitting at $0.00001674, up 8% in the last 24 hours. The SHIB ecosystem’s global ambassador and collaboration lead, Shytoshi Kusama, is also dropping hints on how SHIB is incredibly focused on achieving new price points, including working on building momentum to scale past new price horizons. Insight into why Shib is next level. It's worth...

The cryptocurrency market is currently undergoing a transformative phase. As the US political regime backs the domain, with Trump and Musk gearing up to take over the governance role, the chances for cryptocurrencies to unveil in the guise of ETFs are also increasing. Here’s what 2025 looks like when it comes to the ETF domain. Will XRP ETF be the first to launch or Solana ETF? Let’s find out. Also Read: New Bullish Forecast Predicts XRP To Hit $14: Ripple’s Lawyer Weighs In JP Morgan Believes Solana and XRP ETPs Could Draw Billions Source: coinmarketcap In a striking new statement, JP Morgan shared how Solana and XRP ETPs or exchange-traded products could become huge, adding how they may become leading new elements, drawing billions within the first year of launch. The banking giant streamlined how Solana ETPs in particular could draw $3B to $6B of new assets within 6-12 months after the launch. In addition to this, the banking entity shared that XRP ETPs could also be a ga...

JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck’s head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total. “SOL & XRP exchange-traded products (ETPs) Could Attract $3-8bn Each: JPM ETP assets ($108bn) make up 6% of the total Bitcoin market cap ($1,874bn) after the ETPs’ first year of trading; likewise, ether ETP assets ($12bn) have a 3% penetration rate of the total Ethereum market cap ($395bn) within its first 6 months since launch. When applying these so-called “adoption rates” to SOL and XRP, we see SOL attracting roughly $3-6bn of new net assets and XRP gathering $4-8bn in net new assets.” Source: Matthew Sigel/X Last year, the chief executive of VanEck said that a Solana ETF could only be possible if the Republicans won the US Presidential Electi...

The U.S. Securities and Exchange Commission (SEC) is reportedly swatting down Solana (SOL)-based exchange-traded fund (ETF) applications in the final weeks of Gary Gensler’s tenure as the regulator’s chair. Fox Business journalist Eleanor Terrett, citing unnamed sources, says the SEC has notified at least two of the five SOL ETF applicants that their filings will be rejected. Terrett also says the current SEC administration has no plans to green-light any of the other applications. The financial firms VanEck, 21Shares, Canary Capital and Bitwise have all filed to offer SOL ETFs, and crypto asset manager Grayscale also recently applied to convert its Solana Trust into a spot exchange-traded fund. Eric Balchunas, a senior ETF analyst at Bloomberg, predicts the firms will reapply with the new SEC regime next year. “This was [Gensler’s] parting gift I guess.” After Donald Trump’s election victory last month, Gensler announced he ...