#TRXETF

As of Sunday, April 20, 2025, there is no officially approved Exchange Traded Fund (ETF) specifically for TRON (TRX). However, there have been recent developments indicating a potential future TRX ETF.

Here's a breakdown of the current situation:

* VanEck TRON ETN: VanEck offers a TRON Exchange Traded Note (ETN) under the ticker symbol VTRX. It is available on certain European exchanges. It's important to note that an ETN is different from an ETF. An ETN is a type of unsecured debt security designed to track the performance of an underlying asset or index. VanEck's TRON ETN is 100% collateralized with TRX.

* Canary Capital's Filing for a Staked TRX ETF: On April 18, 2025, Canary Capital, a US-based asset manager, filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch the Canary Staked TRX ETF. This proposed ETF aims to provide investors with exposure to the price of TRX while also incorporating staking features, potentially offering an annual yield of around 4.5%.

* First of its Kind in the US: If approved, the Canary Staked TRX ETF would be the first of its kind in the United States to offer staking rewards along with spot exposure to TRX.

* Regulatory Hurdles: The SEC has been cautious about approving crypto ETFs, especially those involving staking. While they have approved spot Bitcoin and Ethereum ETFs, the stance on other altcoins and staking features remains uncertain.

* Justin Sun's Endorsement: Justin Sun, the founder of TRON, acknowledged the filing on X (formerly Twitter), expressing his support.

* Other Altcoin ETF Filings: Canary Capital has also filed for ETFs for other cryptocurrencies like Solana (SOL), Litecoin (LTC), XRP, Hedera (HBAR), Axelar (AXL), and Sui (SUI).

In summary, while there isn't a traditional TRX ETF currently available, VanEck offers a TRON ETN in Europe. The recent filing by Canary Capital for a staked TRX ETF in the US is a significant development, but its approval by the SEC is still