$TRX

#TRXETF On April 19, 2025, Justin Sun, the founder of the TRON network, announced that "Canary Capital" submitted a formal application to the U.S. Securities and Exchange Commission (SEC) to launch a new Exchange-Traded Fund (ETF) known as the "Canary Staked TRX ETF".

Key features of the fund:

1- Tracking the spot price of TRX: The fund aims to follow the spot price of the TRON (TRX) cryptocurrency in the market.

2- Providing returns through staking: The fund plans to provide an annual return of approximately 4.5% to investors by staking a portion of the held TRX coins.

3- Custodial management by BitGo: BitGo will be responsible for the custody of the fund's digital assets, enhancing the security of the assets.

This fund is considered the first of its kind in the United States that combines tracking the spot price of the digital currency with providing returns through staking, making it an innovative step in the field of cryptocurrency-related exchange-traded funds.