币界网报道：The U.S. Securities and Exchange Commission (SEC) has begun reviewing applications for the Canary Pengu spot Bitcoin ETF, triggering a 100% surge in Pengu Coin's value within 24 hours. The meme coin, originally created as a joke by crypto influencer Canary Pengu, saw its market cap briefly exceed $100 million amid the ETF speculation. Industry analysts note this marks the first time a meme coin project has filed for a Bitcoin ETF, though SEC approval remains uncertain given the agency's cautious stance on crypto products. The filing comes as major asset managers like BlackRock and Fidelity await final decisions on their own Bitcoin ETF applications in early 2024. Pengu Coin developers claim the ETF would allocate 1% of assets to penguin conservation efforts, adding an environmental angle to the proposal. Trading volumes for the token spiked to $25 million as retail investors flocked to the novelty project, though some experts warn the rally may be unsustainable without concrete regulatory progress.