#TRXETF Canary Capital has filed for a U.S. spot ETF that would track the price of Tron’s TRX token and include staking rewards. If approved, it would be the first Tron ETF in the U.S., adding to the wave of altcoin ETF proposals now under SEC review.

In order to introduce the first-ever TRON (TRX) exchange-traded fund (ETF) that includes staking, Canary Capital has submitted a filing to the U.S. Securities and Exchange Commission (SEC). The goal of the proposed "Canary Staked TRX ETF" is to give investors exposure to the spot price of TRX while also producing extra income through staking rewards, which are currently valued at about 4.5% yearly. The TRX tokens will be stored and staked by BitGo Trust Company, which will act as the custodian. A precedent for future crypto ETFs that combine asset exposure with yield-generating mechanisms may be set by this endeavor, which represents a significant step in integrating staking characteristics into regulated financial instruments.