Digital Asset Custodian Nova Trust Files for NFT Index Fund Amid Growing Demand for Tokenized Art Investments

Crypto Asset Manager Canary Capital Continues ETF Application Spree with New Filing for Pudgy Penguins NFT Fund

March 21, 2023 – In a move that cements its position as a leading player in the burgeoning crypto asset management space, Canary Capital has filed for a new exchange-traded fund (ETF) focused on non-fungible tokens (NFTs).

The Pudgy Penguins NFT Fund, as it will be known, marks the latest addition to Canary Capital's growing roster of ETFs, which have been rapidly gaining traction in recent months.

The new fund will track the performance of the Pudgy Penguins NFT Index, a proprietary benchmark that tracks the market value of a diversified portfolio of Pudgy Penguins NFTs. The index is designed to provide investors with a liquid and tradable way to gain exposure to the rapidly growing NFT market.

"We're thrilled to bring our expertise in crypto asset management to the NFT space with the launch of the Pudgy Penguins NFT Fund," said Canary Capital CEO, [Name]. "As the NFT market continues to evolve and mature, we believe this fund will provide investors with a unique opportunity to tap into its growth potential."

The Pudgy Penguins NFT Fund is the latest in a series of ETFs filed by Canary Capital in recent months, including a fund focused on decentralized finance (DeFi) and another focused on gaming tokens. The company's ETF application spree has been met with widespread industry acclaim, with many market observers praising its innovative approach to crypto asset management.

The Pudgy Penguins NFT Fund is expected to list on a major exchange in the coming months. Further details on the fund's launch, including its ticker symbol and trading details, will be announced at a later date.