Canary Capital Files Form S-1 for TRX ETF

Canary Capital has submitted a Form S-1 registration to the SEC for a Tron-focused spot ETF, offering exposure to TRX's market performance and staking rewards. The filing appoints BitGo Trust Company as custodian and designates Canary Capital as sponsor. Justin Sun encourages US investors to consider TRX for long-term growth potential. TRX is the ninth-largest crypto by market cap and has gained traction in stablecoin settlements. The ETF proposal includes staking, a feature historically opposed by the SEC. Regulatory uncertainty surrounds the proposal, given past controversies involving Justin Sun and allegations against the Tron network. If approved, the ETF would be a milestone in combining TRX exposure with staking rewards, attracting both retail and institutional investors seeking yield and market performance. Read more AI-generated news on: https://app.chaingpt.org/news