Canary Pudgy Penguins (PENGU) ETF faces one other delay by the U.S. Securities and Exchange Commission (SEC). PENGU ETF by Canary Capital is exclusive because it goals to offer buyers with publicity to the Solana meme coin PENGU and Pudgy Penguin non-fungible tokens (NFTs).
US SEC Delays Decision on Canary PENGU ETF
According to a notice dated January 7, the US SEC designed an extended interval to find out whether or not to approve or disapprove the Canary PENGU ETF.
“The commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change,” as per the SEC assertion.
This marks the second extension of the assessment interval for a proposed rule change. Also, the fee instituted proceedings in September to find out whether or not to approve or disapprove the Canary PENGU ETF.
The fund goals to carry PENGU tokens together with a portion of precise Pudgy Penguins non-fungible tokens (NFTs). The SEC has prolonged the choice deadline by one other 60 days, making March 11 the following deadline.
If authorized, the Canary PENGU ETF will record and commerce on the Cboe BZX Exchange. It is essential to notice that the extension doesn’t point out the SEC’s stance on the proposal.
Pudgy Penguins Price to See Another Uptrend?
PENGU value fell 6% up to now 24 hours, with the value presently buying and selling at $0.0119. The 24-hour high and low are $0.0117 and $0.0127, respectively. Furthermore, buying and selling quantity has decreased by greater than 36% within the final 24 hours. As CoinGape reported earlier, Pudgy Penguins remained in trend amid model activations and social engagement.
In the each day timeframe, the value is buying and selling above the 50-SMA, however beneath 100-SMA and 200-SMA on the time of writing. Relative Strength Index (RSI) pulled again to 57 from 71 within the 48 hours, signaling revenue reserving by merchants.
CoinGlass information confirmed shopping for within the derivatives market in the previous few hours. The whole PENGU futures open curiosity dropped 2% to $112.32 million within the final 24 hours.
The 4-hour PENGU futures OI on Binance and OKX climbed greater than 0.65% and three.35%, respectively. However, it tanked 0.20% on Bybit. Market contributors are carefully watching value motion amid US macroeconomic information releases.
