#TRXETF
The company Canary Capital has submitted an official application to launch the first ETF fund dedicated to the cryptocurrency $TRX with staking functionality, thus providing an opportunity for investors to generate regular profits in addition to price fluctuations.
2. Support from Justin Sun 🧑💻
The founder of Tron, Justin Sun, expressed his enthusiasm on platform x saying: "trx etf lfg!" which drew attention to the news.
3. Current performance of the coin 📉
Despite the developments, $TRX is trading at $0.24 with a slight decline over the past week.
4. What does this mean? 💡
An ETF could represent a step towards attracting investment institutions, but it is important to continuously monitor the market.
5. Upcoming forecasts 🔮
If the ETF is approved, we could see an increase in demand for TRX in the future. Stay tuned for updates!
