Canary files for ETF fund for Staked TRX
Canary, a digital asset management company specializing in providing innovative investment solutions based on blockchain, has officially submitted an application for approval of the Staked TRX exchange-traded fund (ETF) to financial regulatory authorities.
Canary's registration aims to launch an ETF product that allows investors to directly access the staking value of TRX (the native token of the TRON network), while easily and transparently leveraging staking rewards without the need to self-operate or manage digital assets.
This move marks an important advancement for Canary in expanding its portfolio of financial products focused on digital assets, amidst the growing demand for specialized investment tools like cryptocurrency ETFs globally. By choosing TRX as the underlying asset for the new ETF fund, Canary demonstrates confidence in the long-term growth potential of the TRON ecosystem, as well as the increasing interest in staking from traditional investors.
