$TRX
The TRX token, associated with the TRON blockchain, has seen some significant developments recently. Here are some key updates ¹ ²:
- *Canary Capital Files for Staked TRX ETF*: Canary Capital has submitted a proposal to the US Securities and Exchange Commission (SEC) for a TRON ETF that includes staking rewards. This move could potentially challenge existing SEC regulations on staking. The proposed ETF would use BitGo as custodian and CoinDesk Indices for TRX price tracking, offering approximately 4.5% annual staking yield.
- *TRON's Strong Q1 Performance*: According to Messari, TRON reported record revenue in Q1, with a significant daily USDT volume of $19 billion.
- *Justin Sun's Bullish Stance on Ethereum*: TRON founder Justin Sun has expressed his bullish views on Ethereum, stating that he has no plans to sell his Ethereum assets despite market fluctuations.
- *Partnerships and Adoption*: TRON has partnered with Kripton to drive cryptocurrency adoption and financial inclusion in Argentina. Additionally, Tether has minted $1 billion USDT on the TRON network, boosting its cumulative total to $9 billion in 2025.
- *Market Performance*: TRX is currently trading at $0.2428, with a 0.55% increase in the last 24 hours and a market capitalization of $22.96 billion. The token has experienced a 119.21% increase in value over the past year.
These developments indicate a positive outlook for TRX, driven by growing adoption, strategic partnerships, and innovative financial products.