#TRXETF #TRXETF #TRXETF TRXETF has interesting news in the cryptocurrency world. Justin Sun, the founder of Tron (TRX), has confirmed that a TRX exchange-traded fund (ETF) is in the works. Here’s what you need to know ¹:
- *TRX ETF Registration*: Canary Capital has filed a S-1 registration statement for a TRX stake ETF, which will track the spot price of TRX and provide investors with an annual yield of 4.5% through staking rewards.
- *Special Feature*: This ETF will be the first fund to include staking rewards, making it stand out from other cryptocurrency ETF proposals.
- *SEC Review*: The U.S. Securities and Exchange Commission (SEC) has yet to approve any ETF with staking components, so if approved, this could be a game changer.
- *Market Impact*: TRX has seen significant growth, rising over 122% in the past year and becoming the ninth largest cryptocurrency by market capitalization.
Some key information about TRX ² ³:
- *Current Price*: $0.2419, with a 1.38% increase in the last 24 hours
- *Market Capitalization*: $22.97 billion
- *24-Hour Trading Volume*: $431.01 million
VanEck TRON ETN (VTRX) is another investment product that is