#TRXETF

The TRX Exchange-Traded Fund (ETF) is a type of investment fund aimed at tracking the price of the Tron digital currency (TRX). Instead of buying TRX and holding it directly, investors can purchase shares in an ETF that owns a quantity of TRX. ETF shares are traded on traditional exchanges like other stocks, making investment in TRX easier and more accessible for traditional investors.

Canary Staked TRX ETF Proposal:

Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create the first exchange-traded fund in the United States focused on TRX and includes a "staking" feature.

* Staking: This is the process of holding digital currencies in a wallet to support network operations, and in return, the coin holder receives rewards.

* Fund Objective: To track the spot price of TRX using data from CoinDesk Indices.

* Custodian: BitGo Trust Company will be responsible for safeguarding the fund's TRX assets.

* Unique Feature: The fund aims to stake a portion of its TRX to earn staking rewards and distribute them to investors as part of the fund's returns.