🚨 Breaking News: Canary Capital’s TRX ETF Filing Aims to Stake TRON’s $22B Might! 🚨
🚀 Big news for $TRX investors! Canary Capital has filed for a Canary Staked TRX ETF with the SEC, aiming to bring the first TRX-focused exchange-traded fund to the U.S. market. This ETF will not only track the price of #TRON’s native token but also stake a portion of its holdings for ~4.5% annual yield, offering investors passive income potential. 📈
With $TRX boasting a $22B+ market cap and handling ~37% of USDT transactions, this could be a game-changer for mainstream crypto adoption. Custody will be managed by BitGo, and pricing will follow CoinDesk Indices. However, SEC approval for staking in ETFs remains uncertain—will this set a precedent? 🤔
What do you think—bullish for TRX or regulatory roadblocks ahead? Let’s discuss! 👇