The TRX ETF, proposed by Canary Capital, is a new investment fund that aims to offer exposure to Tron’s native cryptocurrency, TRX. This exchange-traded fund is unique because it includes staking, allowing investors to earn an estimated 4.5% annual yield from staking rewards. Unlike futures-based ETFs, the TRX ETF would directly hold TRX tokens, which will be safely managed by BitGo Trust Company. This move positions TRX as the 13th cryptocurrency to have a spot ETF application, following popular assets like Bitcoin and Ethereum. The inclusion of staking makes it attractive to institutional investors and provides a regulated way to invest in the Tron network. If approved, it could mark a big step for wider crypto adoption in traditional markets.
