$TRX News 📰 about Tron and its founder, Justin Sun 👨‍💼, working on projects related to ETFs 📈 and institutional investments 🏦 in cryptocurrencies 💸.

The SEC (Securities and Exchange Commission) of the USA 🇺🇸 has been cautious ⚠️ in approving cryptocurrency ETFs 🚫, which may affect the approval of a TRX ETF 🚧.

If you are looking for up-to-date information 🕰️ about Tron or cryptocurrency ETFs, I can suggest some trusted websites 🌐 for you to check:

- CoinDesk 💻

- CoindTelegraph 📺

- CryptoSlate 📊

- Tron Foundation (official site) 🌐

Canary Capital, a U.S. asset manager, has requested the SEC (Securities and Exchange Commission) to approve a TRX (Exchange-Traded Fund) ETF, the native token of the Tron blockchain. The ETF, called Canary Staked TRX ETF, would allow investors to buy and sell TRX more easily and securely, with the possibility of generating additional returns through staking.

*ETF Details:*

- *Name:* Canary Staked TRX ETF

- *Token:* TRX (Tron)

- *Strategy:* Hold TRX on hand and stake a portion of the tokens to earn additional yield

- *Annual yield:* About 4.5%, according to StakingRewards

- *Custodian:* BitGo

*TRX Market:*

- *Market capitalization:* Over $22 billion

- *Current price:* $0.24

- *Variation over the last 12 months:* 120%

*Other news:*

- The SEC has not yet approved ETFs with staking, citing potential risks for investors and operational complexities.

- Canary Capital has also requested ETFs linked to XRP, Sui, and Pudgy Penguins, following a trend driven by the strong performance of recently approved Bitcoin and Ethereum ETFs.