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Gate Square New & Returning Creator Rewards are ongoing!
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SEC extends the review period for crypto ETFs, Pudgy Penguins and actively managed products make new progress
【Block Motion】The U.S. Securities and Exchange Commission(SEC) announced on January 13th that the review deadlines for two major crypto products have been extended.
Among them, the Pudgy Penguins(PENGU) ETF project launched by Canary has attracted attention. This ETF plans to be listed on the Cboe BZX Exchange, primarily providing investors with exposure to the Pudgy Penguins NFT ecosystem. Meanwhile, the highly anticipated active crypto ETF from T. Rowe Price is also under review. This product plans to be listed on the NYSE Arca platform and will offer multi-asset active management strategies for crypto asset allocation.
It is worth noting that the proposal submitted by Grayscale for the CoinDesk Crypto 5 ETF options listing has also made new progress— the SEC has officially initiated a public comment period. These series of measures indicate that the development momentum of crypto ETF products in the U.S. financial market continues to improve, and regulatory approval processes are gradually deepening.