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Crypto Markets Rally as Cboe Files for PENGU ETF; Fannie Mae and Freddie Mac to Consider Cryptoassets for Mortgage Approvals
Global crypto markets posted gains alongside traditional equities following geopolitical easing, while regulatory developments in the U.S. signal increasing mainstream adoption of digital assets. Crypto markets surged following news that Cboe has filed for the Pengu ETF, signaling potential expansion of crypto investment products.
Market Performance
Bitcoin surged 2.3% late last Monday following reports of a ceasefire agreement between Israel and Iran, building on earlier gains of 5.6% from a daily low of $98,250. Altcoins followed suit, with some registering double-digit increases.
Simon Peters, Crypto Market Analyst at eToro, commented: “The de-escalation has brought relief to global markets. With reduced uncertainty, there’s potential for further upside. However, any breach of the ceasefire terms could reverse recent gains.”
Spotlight: PENGU ETF Filing
Cboe BZX Exchange has submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the proposed Canary PENGU ETF. This follows Canary Capital’s S-1 registration submission in March 2025. Approval of both filings is required to launch the ETF.
The proposed ETF will allocate 80–95% of its portfolio to the PENGU cryptoasset, with 5–15% exposure to Pudgy Penguin NFTs, and small allocations to Solana and Ethereum for gas fees.
The Cboe Pengu ETF filing and growing institutional crypto acceptance may represent a tipping point in how digital assets are integrated into everyday finance. Following a bottom in April, PENGU has surged 280%, currently trading at $0.015, up 370% from its all-time low since its December 17, 2024, token launch. PENGU remains a top performer in recent market activity and is considered a key asset to watch pending SEC decisions.
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