Cboe BZX Exchange Submits Application for Canary PENGU ETF Listing

According to PANews, the Cboe BZX Exchange has submitted a 19b-4 application to the U.S. Securities and Exchange Commission (SEC) for the listing and trading of shares in the Canary PENGU ETF. The application outlines a proposed rule change under Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 of the same act. The exchange intends to list and trade the ETF shares under BZX Rule 14.11(e)(4), which pertains to commodity-based trust shares.