#TRXETF
Canary Capital Seeks SEC Approval for First Staked TRX ETF, Pioneering Yield-Generating Crypto Investments.
Canary Capital has made a significant move in the cryptocurrency investment sector by submitting an application to the U.S. Securities and Exchange Commission (SEC) for the launch of the Canary Staked TRX ETF. If approved, this would mark the first exchange-traded fund in the United States exclusively dedicated to TRON (TRX), integrating both price tracking and staking mechanisms to target an estimated 4.5% annual yield. This innovative approach offers investors a dual advantage: exposure to TRX’s market performance and the opportunity to earn passive income through staking rewards.
TRON’s strong market presence—boasting a capitalization exceeding $22 billion and facilitating roughly 37% of all USDT transactions—underscores its significance in the blockchain ecosystem. The proposed ETF could serve as a key gateway for institutional and retail investors looking to diversify into yield-generating crypto assets. To enhance trust and transparency, BitGo has been appointed as the custodian, while CoinDesk Indices will oversee pricing.
The approval of this ETF remains uncertain, as the SEC has yet to clarify its stance on staking within regulated investment products. A favorable decision could establish a critical precedent, paving the way for similar income-focused crypto funds in the future. This development reflects the growing convergence of traditional finance and blockchain-based innovations, signaling a potential shift in how digital assets are integrated into mainstream investment portfolios.
