#TRXETF

There's exciting news surrounding the TRX ETF! Justin Sun, the founder of Tron, has confirmed that a spot TRX exchange-traded fund (ETF) is being filed with staking rewards. Here's what we know so far :

- *TRX ETF Filing*: Canary Capital has filed a Form S-1 for a staked TRX ETF, which would track the spot price of TRX and offer investors a 4.5% annual yield through staking rewards.

- *SEC Approval*: The US Securities and Exchange Commission (SEC) has yet to approve any ETF with a staking component, making this filing notable.

- *Market Performance*: TRX has surged over 122% in the past year and recently became the ninth-largest cryptocurrency by market capitalization.

*VanEck's TRON ETN*

VanEck offers a TRON Exchange-Traded Note (ETN) that tracks the performance of TRX. Key details include :

- *NAV*: $26.93 (as of April 16, 2025)

- *Total Net Assets*: $39.72 million (as of April 16, 2025)

- *Total Expense Ratio*: 1.50%

- *Underlying Index*: MarketVector TRON VWAP Close Index (MVTRXV Index)

*Risks and Considerations*

Investing in digital assets like TRX comes with risks, including ²:

- *Volatility Risk*: Extreme price fluctuations

- *Currency Risk*: Regulatory changes and market uncertainty

- *Technology Risk*: Security and scalability concerns

- *Legal and Regulatory Risks*: Evolving regulatory landscape

Keep an eye on developments regarding the TRX ETF filing and VanEck's TRON ETN for potential investment opportunities.