#TRXETF TRON enters the institutional game with staking

Canary Capital has just presented the first TRON (TRX) ETF application in the US to the SEC, with a differentiating factor: integrated staking. The fund proposes to hold TRX in custody by BitGo and use third-party providers for staking, offering investors direct exposure to the token and estimated additional yields of 4.5% per year.

Justin Sun, founder of TRON, celebrated the initiative, highlighting the importance of the product to attract institutional investors and increase market liquidity.

If approved, the TRXETF could mark a new chapter for cryptocurrency ETFs in the US, combining exposure to the asset with passive income generation. In an increasingly competitive market, this proposal could put TRON in the spotlight among traditional investors.