amended 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 liabilities.
The ETF’s net asset value (NAV) would reference the New York 60-minute price of the CoinDesk PEPE benchmark exchange rate.
Canary filed an amended S-1 registration statement for its proposed PEPE ETF, providing additional details about the fund’s planned listing and pricing structure.
According to the filing submitted to 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 PEPE held by the trust, after deducting operating expenses and other liabilities.
Canary PEPE ETF targets Cboe BZX
The amended filing 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 them to hold the token directly.
The fund’s performance would be tied to the value of PEPE held by the trust, less applicable expenses and liabilities.
PEPE ETF to use CoinDesk benchmark for NAV
Canary also detailed 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 exchange rate.
The benchmark would provide the pricing reference used to determine the value of the trust’s PEPE holdings.
Amended S-1 advances PEPE ETF filing process
The amended S-1 provides additional information about the structure of the proposed ETF as Canary moves forward with its application for a PEPE fund.
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 liabilities.
The ETF’s net asset value (NAV) would reference the New York 60-minute price of the CoinDesk PEPE benchmark exchange rate.
Canary filed an amended S-1 registration statement for its proposed PEPE ETF, providing additional details about the fund’s planned listing and pricing structure.
According to the filing submitted to 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 PEPE held by the trust, after deducting operating expenses and other liabilities.
Canary PEPE ETF targets Cboe BZX
The amended filing 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 them to hold the token directly.
The fund’s performance would be tied to the value of PEPE held by the trust, less applicable expenses and liabilities.
PEPE ETF to use CoinDesk benchmark for NAV
Canary also detailed 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 exchange rate.
The benchmark would provide the pricing reference used to determine the value of the trust’s PEPE holdings.
Amended S-1 advances PEPE ETF filing process
The amended S-1 provides additional information about the structure of the proposed ETF as Canary moves forward with its application for a PEPE fund.