#TRXETF
As of April 20, 2025, Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) focused on TRON’s native token, TRX. This ETF is notable for its inclusion of staking capabilities, aiming to hold actual TRX tokens and stake a portion through trusted third-party platforms, offering investors an annual yield of approximately 4.5%.
The fund’s assets will be securely managed by BitGo Trust Company, which will oversee custody and staking operations. This initiative positions Canary Capital at the forefront of integrating staking features into crypto ETFs, a trend gaining momentum amid evolving regulatory landscapes.
TRX, the token powering the TRON network founded by Justin Sun, currently boasts a market capitalization exceeding $22 billion. The proposed ETF aims to provide investors with exposure to TRX’s spot price and staking rewards, reflecting the growing interest in diversified crypto investment vehicles.
This development marks TRX as the 13th cryptocurrency to have a spot ETF application filed, following the approvals of Bitcoin and Ethereum ETFs, indicating a broader trend of altcoin ETF applications.
Investors should monitor this space for further updates as the SEC reviews the application and the crypto ETF landscape continues to evolve.