Luca Netz 🐧✳️ narxiPENGU

$PENGU huge dump alert

The SEC has pushed back its decision on Grayscale’s $PENGU ETF and T. Rowe Price’s multi-asset crypto ETF. Under the 19b-4 review process, the regulator has taken an additional 45 days to continue evaluating both proposals. This doesn’t mean rejection just more time. Delays like this have become routine as the SEC moves cautiously on new crypto-linked products.

JUST IN: SEC Delays PENGU & T. Rowe Price Crypto ETFs The U.S. Securities and Exchange Commission has extended its decision deadline on two crypto ETFs: 1️⃣ Canary PENGU ETF: Would hold both Pudgy Penguins NFTs and PENGU tokens. One of the most unique crypto ETF proposals ever filed. 2️⃣ T. Rowe Price Active Crypto ETF: Actively managed fund covering top 10 crypto assets including BTC, ETH, SOL, XRP, ADA, DOGE, LINK & more. The SEC cited need for more time to evaluate market structure, investor protection, and manipulation concerns. Under the 19b-4 process, both ETFs get an additional 45 days for review. These delays don't mean rejection, just more evaluation time for products beyond standard BTC/ETH exposure. Meanwhile, NYSE American has filed to list options on the Grayscale CoinDesk Crypto 5 ETF (BTC, ETH, XRP, SOL, ADA), now open for public comments.

$PENGU 1 hour $PENGU LTF triangle filling out nicely w/ price pushing against diagonal resistance, primed and ready to go 🐧🚀 $BTC $ETH