#TRXETF Canary Capital has filed for a U.S. spot ETF that would track the price of Tron’s TRX token and include staking.

The proposed fund would use third-party providers for staking and BitGo as custodian, with pricing data from CoinDesk Indices.

The SEC has previously resisted staking features in crypto ETFs, though the current leadership may be more open to them.

The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.

This would be done through third-party providers, with BitGo acting as custodian for the assets. The fund would track TRX’s spot price using CoinDesk Indices calculations.

A proposed ticker as well as the management fee for the product have not been shared yet.

Issuers had initially filed applications for spot ethereum (ETH) ETFs with the staking feature included but removed them in an amended filing later in order to receive approval from the SEC on their proposals.