Canary Capital has filed for a new Tron (TRX) ETF that includes staking capabilities. This ETF aims to provide investors with exposure to TRX's price movements and the additional benefit of staking rewards.
Key Details:
ETF Name: Canary Staked TRX ETF
Staking Feature: The ETF will stake a portion of its TRX holdings through third-party providers, allowing investors to earn staking rewards.
Custodian: BitGo Trust Company will serve as the custodian, ensuring the safekeeping of the TRX tokens.
Price Tracking: The fund will track TRX's spot price using CoinDesk Indices.
This filing comes shortly after the SEC delayed its decision on Grayscale's proposal to add staking to its Ethereum ETFs. The SEC has extended the review period, with a decision now expected by June 1, 2025 [1] .
#TrumpVsPowell #ETF #ETFvsTRX #BinanceAlphaAlert #SolanaSurge
