#TRXETF
What is the TRX Exchange-Traded Fund (ETF)?
The TRX Exchange-Traded Fund (ETF) is a type of investment fund that aims to track the price of the Tron digital currency (TRX). Instead of buying TRX and holding it directly, investors can purchase shares in an ETF that holds a quantity of TRX. ETF shares are traded on traditional exchanges like other stocks, making investment in TRX easier and more accessible for traditional investors.
Canary Staked TRX ETF Proposal:
Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) to create the first Exchange-Traded Fund (ETF) in the United States focused on TRX that includes a "staking" feature.
* Staking: is the process of holding digital currencies in a wallet to support network operations, in return, the coin holder receives rewards.
* Fund Objective: to track the spot price of TRX using data from CoinDesk Indices.