#TRXUSD

Key Features of the Proposed TRX :

Staking Integration: The ETF aims to stake a portion of its TRX holdings through third-party providers, offering investors potential annualized returns of approximately 4.5% in addition to any price appreciation. 

Custodianship: BitGo is designated as the custodian for the fund’s assets. 

Pricing Data: The ETF plans to utilize pricing data from CoinDesk Indices to track TRX’s market performance. 

This initiative marks the first attempt to introduce a TRX-focused ETF in the U.S., reflecting growing institutional interest in altcoin-based investment products. 

Justin Sun, the founder of Tron, has publicly endorsed the ETF proposal, sharing the SEC filing with his followers on social media and expressing enthusiasm about the development. 

Currently, the ETF is under SEC review, and its approval would represent a significant milestone, potentially paving the way for similar staking-integrated ETFs in the future.