#TRXETF Unlocking TRX’s Potential: The First Staked TRX ETF Lands
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Justin Sun Greenlights First‑Ever Staked TRX ETF: Yield + Spot Exposure Combined! 🚀
Summary
Justin Sun has officially confirmed that Canary Capital filed a Form S‑1 for the first U.S. spot TRX ETF offering a 4.5 % staking yield—marking a potential milestone in crypto ETFs. This post breaks down what happened, why it matters, and how you can stay in the loop on this and other trending altcoin ETFs. 📝✨
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What Happened?
Canary Capital’s Historic Form S‑1 Filing
Canary Capital submitted a registration statement (Form S‑1) with the SEC for a “Canary Staked TRX ETF,” aiming to track TRX’s spot price while staking a portion of holdings for added yield .
Justin Sun’s Announcement
Justin Sun, founder of Tron, shared the link to Canary’s S‑1 on X with his 3.8 million followers, confirming the long‑rumored spot TRX ETF proposal—and making it the first ETF in the U.S. to request staking rewards from launch .
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Why It Matters
Dual Benefit: Yield Meets Exposure
Investors could gain passive TRX price exposure and earn an estimated 4.5 % annual yield through staking rewards—something the SEC has never greenlit in a crypto ETF before .
Regulatory Significance
This filing tests the SEC’s evolving stance on staking within regulated products. Whereas Grayscale’s ETH staking request remains under review, Canary’s application jumps straight to staking from day one .
