The SEC recently issued an important announcement involving the review arrangements for multiple cryptocurrency asset ETF products. Among them, the listing application for the Canary Pudgy Penguins (PENGU) NFT concept ETF has been submitted to the Cboe BZX Exchange. This product mainly provides investors with direct exposure to the Pudgy Penguins NFT ecosystem. Notably, the actively managed cryptocurrency ETF proposal submitted by T. Rowe Price has also entered the review process, planning to launch on the NYSE Arca platform with a multi-asset active management strategy.

In addition, the CoinDesk Crypto 5 ETF under Grayscale has also received corresponding review progress. This series of actions reflects the gradual recognition of crypto asset ETF products by U.S. regulators, marking the further improvement of compliant institutional-grade crypto investment tools. As these products move through approval, the institutionalization and formalization trend of the cryptocurrency market are becoming increasingly evident.