#TRXETF

TRX ETF Update – Canary Capital Files for First TRON Spot ETF with Staking Rewards

Canary Capital has officially filed for the first-ever TRON (TRX) spot ETF that includes staking rewards — a major step forward for the TRON ecosystem and crypto ETFs in general.

Key Details:

Filing Date: April 18, 2025

ETF Name: Canary Staked TRX ETF

Custodian: BitGo Trust Company

Trustee: CSC Delaware Trust

Unique Feature: Combines traditional ETF exposure with TRX staking rewards — allowing investors to earn passive income without handling crypto themselves.

This move is designed to make staking more accessible for traditional and institutional investors, bridging the gap between decentralized finance and mainstream markets.

Community Response: TRON founder Justin Sun publicly supported the filing, calling it a huge step for TRON and the broader crypto industry. Despite this, TRX's market response has been modest, with the token trading around $0.24, showing a slight decline on the day of the announcement.

Why This Matters:

A TRX ETF with staking could attract more institutional capital into TRON.

It may set a precedent for future staking-enabled ETFs across other blockchain networks.

Pending SEC approval, this could legitimize TRON further in traditional finance circles.