#TRXETF On March 21, 2025, Justin Sun announced on Twitter that a TRX ETF was on the horizon, which was followed by Canary Capital submitting a spot TRX ETF application on April 19, 2025 (Source: Twitter @ai_9684xtpa, April 20, 2025). This marks TRX as the 13th project to apply for a spot ETF since the approval of Ethereum's spot ETF in May of the previous year, initiating a significant race among altcoins for ETF applications (Source: Twitter @ai_9684xtpa, April 20, 2025). The current list of altcoins with ETF applications includes SOL, XRP, LTC, ADA, and others, reflecting a burgeoning interest in crypto ETFs among institutional investors (Source: Twitter @ai_9684xtpa, April 20, 2025).

The announcement and subsequent ETF application for TRX had immediate and notable impacts on its market performance. On April 19, 2025, following the ETF news, TRX experienced a 12% price surge within the first hour, reaching $0.145 from $0.130 (Source: CoinMarketCap, April 19, 2025). The trading volume for TRX also saw a significant increase, jumping from an average of 1.5 billion TRX to 3.2 billion TRX within the same period (Source: CoinGecko, April 19, 2025). This volatility and volume surge indicate strong market interest and potential for further price movement. Additionally, TRX's trading pairs, particularly TRX/BTC and TRX/USDT, showed heightened activity with increased liquidity and tighter spreads, signaling robust market participation (Source: Binance, April 19, 2025