👍 Puzzy Penguin NFT, $PENGU If the ETF passes? 🐧 Combining Coins and NFTs - The Canary PENGU ETF is the first attempt to combine the liquidity token $PENGU with actual NFT assets within a traditional regulated fund structure. 🐧 Structural Barriers - There are three major obstacles to incorporating illiquid assets like NFTs into ETFs: - Inconsistent valuation standards, limited liquidity for redemptions, and complex institutional custody issues. 🐧 Regulatory Reference Points - Although the SEC's deadline passed on March 11, the case is still under further review. - This ruling will set a significant precedent determining the financialization of digital collectibles on Wall Street. If the PENGU ETF is approved, accessibility will improve, so it will likely go "Pudge to the Moon," but an NFT bull market could follow... Original Text #NFT #PUDGYPENGUINS #PENGU