#TRXETF TRX ETF stands for Tron Exchange-Traded Fund. Here's what you need to know¹:

- *TRX ETF Filing*: Justin Sun, the founder of Tron, has confirmed a potential spot TRX ETF filing with staking rewards. Canary Capital has submitted a Form S-1 to the US Securities and Exchange Commission (SEC).

- *Staking Rewards*: The proposed ETF aims to track the spot price of TRX while offering investors a 4.5% annual yield through staking rewards.

- *Market Performance*: TRX has surged by over 122% in the past year and recently became the ninth-largest cryptocurrency by market capitalization.

*Existing TRX Investment Products*

- *VanEck TRON ETN*: VanEck offers a TRON Exchange-Traded Note (ETN) that tracks the performance of TRX. This product is tradeable on regulated stock exchanges and is 100% collateralized with TRON.

- *Key Features*:

- *Underlying Index*: MarketVector TRON VWAP Close Index

- *Total Expense Ratio*: 1.50%

- *Net Assets*: Around $39.72 million

- *Risk Factors*: Volatility risk, currency risk, technology risk, and legal and regulatory risks are associated with investing in TRX ETN.

*Potential Impact*

- *Increased Adoption*: Approval of a TRX ETF could lead to increased adoption and investment in the Tron ecosystem.

- *Yield Generation*: The staking component could provide a new way for investors to generate yields in the crypto market.