#TRXETF Key Highlights of the Proposed TRX ETF
Staking Integration: The ETF aims to hold TRX tokens and stake them, offering investors an estimated annual yield of approximately 4.5% in addition to price expOSure. COINTELEGRAPH
Custody and Pricing: BitGo Trust Company is designated as the custodian, and the ETF will utilize pricing data from CoinDesk Indices.
TRONWEEKLY
Regulatory Context: While the SEC has been cautious about approving crypto ETFs with staking features, this filing may indicate a shift towards broader acceptance.
• Market Reaction: Following the announcement, TRX experienced a 12.3% price surge, reaching $0.18 from $0.16 within an hour. BLOCKCHAIN NEWS