#TRXETF

There's exciting news surrounding TRX ETF. Justin Sun, the founder of Tron, has confirmed that a spot TRX exchange-traded fund (ETF) with staking rewards is being filed. Here's what you need to know¹:

- *TRX ETF Filing*: Canary Capital has submitted a Form S-1 for the proposed ETF, which aims to track the spot price of TRX while offering investors a 4.5% annual yield through staking rewards.

- *Key Features*:

- *Staking Rewards*: The ETF would provide investors with a unique opportunity to earn passive income through staking rewards.

- *Tracking TRX Price*: The fund would track the spot price of TRX, allowing investors to gain exposure to the cryptocurrency.

- *Market Impact*: The proposed ETF has sparked interest in the crypto market, with analysts believing that more asset managers may pursue similar filings.

- *TRX Performance*: Tron’s token has been performing well, recently overtaking Cardano to become the ninth-largest cryptocurrency by market capitalization. TRX has surged over 122% in the past year and currently trades at $0.25, with a market cap of $23.54 billion.

Additionally, VanEck's TRON ETN (Exchange-Traded Note) is another product that allows investors to gain exposure to TRX. Here are some details² ³:

- *Product Description*: VanEck's TRON ETN follows Asia's next-generation blockchain innovator, TRON platform, supporting builders of crypto apps with an innovative proof-of-stake mechanism.

- *NAV and Returns*: The ETN's net asset value is $26.93, with a year-to-date return of -1.58%.

- *Total Net Assets*: The total net assets of the ETN are $39.72 million.

- *Risk Factors*: Investing in digital assets like TRX comes with risks, including volatility, currency, technology, and regulatory risks.