#TRXETF Application submitted: Canary Capital, an asset management firm in the USA, filed Form S-1 with the U.S. Securities and Exchange Commission (SEC) on April 18, 2025, to launch the "Canary Staked Tron ETF".

* First of its kind: It is reported to be the first ETF specifically focused on Tron.

* Staking feature: A key aspect of this proposed ETF is that it intends to stake a portion of its held TRX to potentially earn network rewards for investors. This distinguishes it from traditional spot cryptocurrency ETF offerings.

* Custody: BitGo Trust will act as the custodian of the fund's TRX.

* Benchmark: The net asset value (NAV) of the ETF will be calculated daily at 4:00 PM Eastern Time using the CoinDesk Indices, which aggregates spot prices from various leading digital asset platforms.

* Assets: The ETF will hold physical TRX. Each share will represent a specific block of shares based on the amount of TRX associated with each share, minus fees.

* No voting rights: Ownership of ETF shares does not grant investors voting rights in the Tron network.