#TRXETF Canary Capital has filed for a TRX ETF with the US Securities and Exchange Commission (SEC), which would allow investors to buy and stake Tron (TRX) tokens, potentially earning a 4.5% annual yield. This move has garnered attention due to its unique staking feature, not commonly seen in crypto ETFs.

*Key Details:*

- *TRX ETF Proposal*: Canary Capital's proposed ETF, called Canary Staked TRX ETF, aims to hold spot TRX and stake a portion of the tokens to generate added yield.

- *Staking Component*: The ETF's staking feature would allow investors to earn passive income, setting it apart from other crypto ETFs.

- *Market Impact*: TRX's price has not yet reacted positively to the news, with some analysts predicting a potential price increase if the ETF is approved.

- *TRX Performance*: TRX is currently trading at $0.24, with a market capitalization of over $22 billion, making it the ninth-largest cryptocurrency.

- *Regulatory Uncertainty*: The SEC has yet to approve any altcoin ETFs with staking components, and the outcome of Canary Capital's proposal remains uncertain.

The proposal has been endorsed by Tron founder Justin Sun, who expressed excitement about the potential ETF on social media. However, the SEC's stance on staking-based ETFs remains cautious, and the approval process may take time.