#TRXETF

Canary Capital's TRX ETF Filing

On April 18, 2025, Canary Capital submitted a filing to the U.S. Securities and Exchange Commission (SEC) for the Canary Staked TRX ETF. This ETF is designed to hold actual TRX tokens and stake a portion of them through trusted third-party platforms, offering investors an annual yield of approximately 4.5% from staking rewards . BitGo Trust Company is set to manage the custody of the tokens, ensuring secure storage and oversight of staking operations.

This initiative marks the first time a U.S.-based ETF proposal has included staking features from the outset, distinguishing it from other crypto ETFs that have sought to add staking capabilities post-approval .

---

šŸ“Š Market Implications

The introduction of a TRX ETF with staking could significantly impact the cryptocurrency market by:

Enhancing Accessibility: Providing traditional investors with a regulated avenue to gain exposure to TRX without the complexities of managing private keys or crypto wallets.

Boosting Institutional Interest: Potentially attracting institutional investors seeking diversified crypto assets with passive income opportunities.