#Canary #etf #ETHETFsApproved Canary Capital has filed an S-1 prospectus with the SEC for a staked Tron ETF, offering exposure to Tron’s price and staking rewards. This move solidifies Canary Capital's position in the altcoin ETF market, following successful filings for Bitcoin and Ethereum ETFs.
The ETF would track Tron’s price using Coindesk Indices' data and provide regulated access to staking rewards. Canary Capital has filed for several other altcoin ETFs, including Sui, XRP, and Polkadot.
Industry optimism is high, with experts expecting the SEC to approve multiple altcoin ETFs by mid-2025, driven by the recent appointment of Paul Atkins as SEC Chair. Tron’s market capitalization is $23 billion, with its price rising 120% over the past year.
reminder
don't forget to follow me @fatima_tariq