A Canary protocol submitted a revised S-1 registration statement for its proposed PEPE ETF with the U.S. Securities and Exchange Commission (SEC) on October 2.
The proposed Canary PEPE ETF would be listed on the Cboe BZX exchange.
The fund would seek to provide investors with exposure to the price of PEPE held by the trust, after accounting for operating expenses and other obligations.
The ETF’s net asset value (NAV) would reference the 60-minute New York price of the CoinDesk PEPE benchmark based on the exchange rate.
Canary submitted a revised S-1 registration statement for its proposed PEPE ETF, providing additional details about the fund’s planned listing and its pricing structure.
According to the document filed with the U.S. Securities and Exchange Commission on October 2, the Canary PEPE ETF is proposed to be listed on the Cboe BZX exchange.
The fund’s investment objective is to provide exposure to the price of the PEPE held by the trust, after deducting operating expenses and other obligations.
Canary PEPE ETF targets Cboe BZX
The amended document identifies Cboe BZX as the proposed exchange for the PEPE ETF.
If launched, the ETF would offer investors exposure to PEPE through a traditional exchange-traded investment vehicle, rather than requiring investors to hold the token directly.
The fund’s performance would be tied to the value of PEPE held by the trust, less applicable fees and liabilities.
PEPE ETF will use CoinDesk benchmark for NAV
Canary also outlined how the proposed ETF would value its PEPE holdings.
According to the filing, the fund’s net asset value (NAV) would reference the New York 60-minute price of the CoinDesk PEPE benchmark’s exchange-rate.
The benchmark would provide the price reference used to determine the value of the trust’s PEPE holdings.
Amended S-1 boosts the PEPE ETF filing process
The amended S-1 provides additional information about the structure of the proposed ETF as it
The proposed Canary PEPE ETF would be listed on the Cboe BZX exchange.
The fund would seek to provide investors with exposure to the price of PEPE held by the trust, after accounting for operating expenses and other obligations.
The ETF’s net asset value (NAV) would reference the 60-minute New York price of the CoinDesk PEPE benchmark based on the exchange rate.
Canary submitted a revised S-1 registration statement for its proposed PEPE ETF, providing additional details about the fund’s planned listing and its pricing structure.
According to the document filed with the U.S. Securities and Exchange Commission on October 2, the Canary PEPE ETF is proposed to be listed on the Cboe BZX exchange.
The fund’s investment objective is to provide exposure to the price of the PEPE held by the trust, after deducting operating expenses and other obligations.
Canary PEPE ETF targets Cboe BZX
The amended document identifies Cboe BZX as the proposed exchange for the PEPE ETF.
If launched, the ETF would offer investors exposure to PEPE through a traditional exchange-traded investment vehicle, rather than requiring investors to hold the token directly.
The fund’s performance would be tied to the value of PEPE held by the trust, less applicable fees and liabilities.
PEPE ETF will use CoinDesk benchmark for NAV
Canary also outlined how the proposed ETF would value its PEPE holdings.
According to the filing, the fund’s net asset value (NAV) would reference the New York 60-minute price of the CoinDesk PEPE benchmark’s exchange-rate.
The benchmark would provide the price reference used to determine the value of the trust’s PEPE holdings.
Amended S-1 boosts the PEPE ETF filing process
The amended S-1 provides additional information about the structure of the proposed ETF as it