#TRXETF SEC faces new ETF bit with taking component
Notably, the Securities and Exchange Commission (SEC) has been flooded with different ETF filings for XRP, Solana and even Dogecoin. When the rumors of a spot Tron ETF filtered in, some doubted the news' authenticity.
Will ETF filing spark Tron rally?
Tron recently flipped Cardano to become the ninth-ranked crypto asset by market capitalization. The asset has shown impressive growth, with a 122.17% increase in the past year. In the last 30 days, TRX has recorded a 5.52% growth rate.
As of this writing, TRX was trading at $0.2417, representing a 1.23% decline in 24 hours, per CoinMarketCap data.
Market observers anticipate a rally with TRX following Sun’s confirmation of the ETF filing.
It is also likely that other asset managers will become interested in and file for a spot Tron ETF. They might be swayed by Tron's recent performance against Bitcoin and Ethereum and its future potential.