# 2026-00294: SEC Delays Penguin-Themed ETF: Waddle into Crypto Weirdness?

2026-00294, Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Canary PENGU ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares, is a Federal Register notice from Securities and Exchange Commission published 2026-01-12, effective 2026-03-11 (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-00294
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00294
- Title: Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Designation of a Longer Period for Commission Action on Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change, as Modified by Amendment No. 2, To List and Trade Shares of the Canary PENGU ETF Under BZX Rule 14.11(e)(4), Commodity-Based Trust Shares
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 1221
- Published: 2026-01-12
- Effective: 2026-03-11
- Comments close: not stated
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

SEC Delays Penguin-Themed ETF: Waddle into Crypto Weirdness?

## Summary

The SEC is taking extra time to decide if the Cboe BZX Exchange can list and trade the new Canary PENGU ETF, a commodity-based fund. This affects investors and traders interested in this ETF, as the decision impacts when they can buy or sell these shares. No money changes yet, but the wait means more review before the ETF hits the market.

## Effects PRIA read

- SEC Delays Decision on Canary PENGU ETF: cost, low. The Securities and Exchange Commission extended its review and set March 11, 2026 as the new deadline to approve or disapprove Cboe BZX’s proposal to list the Canary PENGU ETF. The extension adds the 60-day extra review period beyond the 180-day window that ended on January 10, 2026, which delays w…

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## Sources
- [2026-00294 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/12/2026-00294/self-regulatory-organizations-cboe-bzx-exchange-inc-notice-of-designation-of-a-longer-period-for)
- [2026-00294 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-12/pdf/2026-00294.pdf)

## Related
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- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00294 (as of 2026-06-08).