SEC Delays Decision on Canary PENGU ETF to October 2025

The U.S. Securities and Exchange Commission has extended its review period for the Canary PENGU ETF, pushing the decision deadline to October 12, 2025. Initially slated for August 28, the delay reflects the regulator's cautious approach toward hybrid crypto investment products.

The proposed ETF combines exposure to PENGU tokens with Pudgy Penguins NFTs—a structure that demands additional scrutiny. Cboe BZX Exchange filed the application in June, seeking approval for what could become a novel bridge between digital assets and traditional markets.

This postponement follows a pattern of deliberate evaluation by the SEC, which recently extended review periods for multiple crypto-related financial instruments. The MOVE underscores growing institutional interest in tokenized assets despite regulatory hesitance.