#TRXETF

As of today, Sunday, April 20, 2025, there is no officially listed and trading ETF with the ticker symbol TRXETF.

* However, on April 18, 2025, Canary Capital filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a spot Tron ETF called the Canary Staked TRX ETF. This would be the first U.S.-based ETF focused on Tron (TRX) and uniquely includes staking.

Key Details of the Proposed Canary Staked TRX ETF:

* Objective: To provide investors with exposure to the price of Tron (TRX).

* Staking: The ETF intends to stake a portion of its TRX holdings to earn network rewards, potentially offering investors a yield (estimated around 4.5% annually based on current staking rewards). This is a novel approach as the SEC has not yet approved any crypto ETF with a staking component.

* Holdings: The primary holding of the ETF would be Tron (TRX) tokens.

* Custodian: BitGo Trust Company would serve as the custodian for the Trust's TRX holdings.

* Pricing Benchmark: The net asset value (NAV) will be calculated daily using a CoinDesk Indices benchmark that aggregates spot prices from various digital asset platforms.

* Fees: Ordinary operating expenses will be covered under a unified fee arrangement by Canary Capital, while extraordinary costs will be borne by the trust.

* Trading Exchange: The specific exchange where the proposed ETF would trade has not yet been disclosed in the filing.

* Analyst Sentiment: Following the announcement, analysts believe that if approved, this ETF could attract significant interest and potentially spur further filings for staked altcoin ETFs.

Tron (TRX) Snapshot (as of April 20, 2025):

* Current Price: Around $0.24 (fluctuating slightly across different sources).

* Market Capitalization: Approximately $23 billion, ranking it among the top 10 cryptocurrencies.

* 24-Hour Trading Volume: Moderate, in the range of $360-$430 million.