#TRXETF Canary Capital Proposes First-Ever Staked TRX Spot ETF
In a bold move that could reshape crypto investment products, Canary Capital has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the world’s first spot TRX ETF—and it comes with a twist: staking rewards.
What Is the TRXETF?
This proposed Exchange Traded Fund (ETF) will give traditional investors exposure to TRON’s native token (TRX) through a regulated financial product, while also integrating staking mechanisms to offer an estimated 4.5% annual yield.
Key Features
1. Spot Exposure
Unlike futures-based ETFs, the TRXETF will hold actual TRX tokens, allowing investors to gain direct exposure to price movements.
2. Staking Integration
A portion of the fund’s holdings will be staked via trusted third-party platforms, generating passive income for investors—an unprecedented move for a U.S.-filed ETF.
3. Custodianship by BitGo
Security is a top priority. BitGo Trust Company will act as custodian, managing the tokens and overseeing all staking operations.
Why It Matters
This filing marks a pioneering step in merging DeFi yields with TradFi infrastructure. If approved, TRXETF could become the blueprint for future staking-enabled ETFs, offering both price exposure and yield generation—something Bitcoin and Ethereum ETFs currently don’t provide.
Justin Sun, the founder of TRON, called it a bullish milestone on X, reinforcing community excitement around the product.
Market Snapshot
TRX Price: ~$0.243 (as of April 20, 2025)
Market Cap: Over $23 billion
Staking Yield: Approx. 4.5% APY
Will the SEC Approve?
This ETF raises regulatory questions, especially around the inclusion of staking rewards. No staking-integrated ETF has been approved to date, making this a crucial test case for the SEC’s stance.
Final Thoughts
TRXETF could be a game changer bridging the worlds of yield farming and traditional finance.
