#TRXETF

Canary Capital has filed for a TRX ETF with the SEC, which would allow investors to buy and sell TRX like stocks, potentially increasing its adoption and demand. Here's what you need to know ¹ ² ³:

- *TRX ETF Details*: The proposed Canary Staked TRX ETF would hold spot TRX and stake it to generate added yield, providing investors with exposure to both the spot price and staking rewards.

- *Staking Rewards*: The ETF would offer an annual yield of 4.5% through staking, making it attractive to income-focused investors.

- *SEC Approval*: The SEC has yet to approve the filing, and the outcome is uncertain, especially with the added complexity of staking.

- *Market Impact*: If approved, the TRX ETF could boost Tron’s price and encourage more institutional investment, potentially driving up demand and prices.

- *Current Price*: TRX is currently trading at $0.25, with a 1.20% increase in the last 24 hours. Its market capitalization stands at $23.54 billion.

Justin Sun, Tron’s founder, has publicly endorsed the TRX ETF proposal, adding weight to the conversation. The ETF would be a first in the market, combining exposure to a digital asset's price movements with passive income through staking ².