If TRON (TRX) launches an ETF, it will significantly lower the participation threshold for investors and attract traditional capital into the market. Its high throughput and low fees are suitable for high-frequency trading, but regulatory uncertainty remains a major risk. If approved, it could lead to the birth of more public chain ETFs and accelerate the mainstreaming of crypto assets. Attention must be paid to whether its centralization controversy will affect the approval results. In the short term, it may trigger fluctuations in TRX prices, but in the long term, it is an important milestone for industry compliance.