$TRX Canary Capital has filed for a TRX ETF, specifically the Canary Staked TRX ETF, with the US Securities and Exchange Commission (SEC). This proposed exchange-traded fund aims to track the spot price of TRX, the native token of the Tron blockchain, while incorporating staking features to generate additional yield.

*Key Features:*

- *Exposure to TRX*: The ETF would provide investors with exposure to TRX price movements.

- *Staking Mechanism*: The fund would stake TRX tokens to earn rewards, potentially generating a 4.5% annual yield.

- *Custody and Management*: BitGo Trust Company would custody the TRX tokens and manage private keys.

- *Regulatory Approval*: The ETF application is pending SEC approval, with decisions on key rule changes expected by June 2025.

*Potential Impact:*

- *Increased Institutional Interest*: A TRX ETF could attract more institutional investors, potentially boosting demand and price.

- *Liquidity and Accessibility*: The ETF structure would provide a regulated and accessible way for investors to engage with TRX.

- *Yield-Generating Opportunities*: The staking mechanism could offer attractive returns for investors seeking passive income.

*Current Status:*

The TRX ETF application is currently pending with the SEC. If approved, it would be the first US ETF focused on Tron (TRX). The outcome will likely influence future staking-based ETFs and potentially reshape the cryptocurrency investment landscape.