#TRXETF $TRX

- TRX ETF Filing: Canary Capital has submitted an application for a TRX spot ETF, marking TRX as the 13th cryptocurrency to file for a spot ETF following the approval of BTC and ETH ETFs. The proposed ETF aims to track the spot price of TRX while offering investors a 4.5% annual yield through staking rewards.

- Staking Rewards: The TRX ETF would provide investors with a unique opportunity to earn passive income through staking rewards, setting it apart from other crypto ETF proposals. However, the US Securities and Exchange Commission (SEC) has yet to approve any ETF with a staking component.

- Market Performance: TRX has shown strong market performance, surging over 122% in the past year and recently overtaking Cardano to become the ninth-largest cryptocurrency by market capitalization. The current price of TRX is $0.2419, with a 1.38% increase in the last 24 hours.