#TRXETF The cryptocurrency market is abuzz today as Canary Capital’s proposed **Tron (TRX) ETF** with staking capabilities enters a critical phase of regulatory review. Filed on April 18, 2025, this ETF aims to track TRX’s price while allowing investors to earn staking rewards—a first for a U.S.-listed Tron-based fund . Here’s a breakdown of the latest developments and market implications:
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### **Key Details of the TRX ETF Proposal**
1. **Structure & Mechanics**:
- The ETF plans to stake TRX holdings via third-party providers, with **BitGo** acting as custodian. Pricing data will be sourced from **CoinDesk Indices**, ensuring transparency .
- Staking rewards could enhance returns for investors, aligning with growing demand for yield-generating crypto products.
Key Details of the TRX ETF Proposal**
1. **Structure & Mechanics**:
- The ETF plans to stake TRX holdings via third-party providers, with **BitGo** acting as custodian. Pricing data will be sourced from **CoinDesk Indices**, ensuring transparency .
- Staking rewards could enhance returns for investors, aligning with growing demand for yield-generating crypto products.
2. **Regulatory Landscape**:
- The SEC has historically resisted crypto ETFs with staking features, citing concerns over market manipulation and investor risks. However, optimism is rising under the new SEC leadership, perceived as more crypto-friendly .
- Recent delays in Grayscale’s Ethereum ETF proposal (which initially included staking) highlight ongoing regulatory hesitancy. Analysts speculate that Canary’s TRX ETF could face similar hurdles but may benefit from precedent-setting approvals .
Market Reaction**:
- TRX’s price has shown resilience, trading at **$0.2428** as of April 20, 2025, up 0.48% amid the ETF news . Analysts note that approval could drive institutional interest, potentially pushing TRX toward its 2025 price target of **$0.47** .
Conversely, rejection might trigger short-term volatility, though TRX’s strong DeFi ecosystem and partnerships
Helene Braun