#TRXETF

According to the preliminary prospectus, Canary’s proposed investment fund aims to issue shares that will provide investors with exposure to the price movements of Tron (TRX), while accounting for the trust’s operating expenses and other liabilities. This innovative fund intends to establish its net asset value on a daily basis at 4 p.m. Eastern Time, utilizing a benchmark from Coindesk Indices that consolidates and averages spot prices sourced from multiple reputable digital asset exchanges.

In addition to price exposure, the trust plans to stake a portion of its TRX holdings in order to generate network rewards, though this strategy will carry inherent risks related to liquidity and potential penalties. Canary Capital will act as the fund's sponsor, CSC Delaware Trust Company has been appointed as the trustee, and Bitgo Trust Company will serve as the custodian, ensuring the secure storage and management of the trust’s TRX assets.

Investors should note that ownership of shares in this trust will not grant them any voting rights, nor will the trust engage in the practice of loaning or pledging its assets, or using them as collateral in any financial transactions. This structure is designed to provide a clear and focused investment approach, emphasizing safety and transparency for its stakeholders.