That's an interesting concept! A "Staked TRX ETF Application" would refer to a formal proposal submitted by a financial institution (the "issuer") to a regulatory body (like the SEC in the U.S.) to create and list an Exchange-Traded Fund (ETF) that invests in Tron (TRX) and also incorporates the staking rewards generated by holding TRX.

As of my last update, **no major Staked TRX ETF has been approved or is actively trading on major exchanges like those in the U.S.** The regulatory landscape for crypto ETFs is still evolving, with Bitcoin spot ETFs being the most recent breakthrough, and Ethereum ETF applications under review. Altcoins, especially those with staking mechanisms, present further complexities.

Here's a breakdown of what such an application would entail and the considerations involved:

**What a Staked TRX ETF Would Aim to Do:**

1. **Exposure to TRX:** Allow investors to gain exposure to the price movements of TRX without directly buying or holding the cryptocurrency.

2. **Staking Yield:** Pass on (some portion of) the staking rewards generated by the underlying TRX holdings to the ETF investors, typically after deducting management fees.

3. **Tradability:** Offer shares that can be bought and sold on traditional stock exchanges, providing liquidity and accessibility through brokerage accounts.

4. **Simplified Access:** Remove the technical hurdles for investors who want to benefit from TRX staking but don't want to manage wallets, keys, or the staking process themselves.

**Key Components of a Hypothetical "Staked TRX ETF Application":**

1. **Investment Objective:** Clearly state the ETF's goal – e.g., to track the performance of TRX, inclusive of staking rewards, less fees and expenses.

2. **Staking Strategy:**

* **How TRX is Staked:** Details on the process of staking the fund's TRX holdings. This includes choosing Super Representatives (SRs) if following TRON's DPoS model, managing voting, and handling un-staking periods.

* **Reward Handling:** How staking rewards are collected, accounted for, and whether t