#TRXETF The proposed TRX ETF by Canary Capital marks a significant development as the first U.S. filing seeking to combine spot exposure to TRON (TRX) with staking rewards, aiming for a 4.5% annual yield. This innovative approach differentiates it from other crypto ETF proposals that have typically excluded staking to meet SEC requirements. BitGo will act as the custodian, and CoinDesk Indices will provide the pricing data for the ETF.

TRX is currently trading around $0.24, with a market capitalization of over $23 billion, ranking it among the top cryptocurrencies. Over the past year, TRX has shown substantial growth, exceeding 120%. The inclusion of staking rewards in the ETF could attract investors seeking both capital appreciation and passive income.

However, the approval of this ETF faces potential hurdles, including the SEC's stance on staking and the regulatory history of TRON's founder, Justin Sun. While the ETF offers increased accessibility and the potential for staking rewards, investors should also consider the inherent volatility of TRX and the management fees associated with the ETF. If approved, this ETF could set a precedent for future staked cryptocurrency ETFs.