#TRXETF Canary Capital Group LLC filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) on Friday for its Canary Staked TRX ETF.

According to the preliminary prospectus, the fund proposed by Canary will issue shares designed to provide investors with exposure to the price of tron (TRX), after deducting the operating expenses of the trust and other liabilities.

Canary Capital is the sponsor, CSC Delaware Trust Company acts as trustee, and Bitgo Trust Company will act as custodian of the trust's TRX holdings. Ownership of shares will not entitle investors to voting rights, and the trust will not lend or pledge assets nor serve as collateral.

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