#TRXETF Canary Capital has filed an application with the US Securities and Exchange Commission (SEC) to launch a Staked TRX ETF, which would allow investors to gain exposure to TRON (TRX) while earning staking rewards. This ETF would track TRX's price movements and provide passive income through staking.

*Key Features:*

- *Staking Rewards*: The ETF would stake a portion of TRX assets to generate added yield, currently offering around 4.5% annual yield.

- *Custody*: BitGo Trust Company would serve as the custodian for the ETF, safely holding TRX tokens.

- *Market Exposure*: The ETF would provide regulated access to TRX's market performance and staking rewards.

*Impact on TRX:*

- *Increased Adoption*: An approved ETF could attract more institutional investors, potentially driving up demand and price.

- *Market Sentiment*: Despite the filing, TRX's current market sentiment remains neutral to bearish, with a 47% bearish tendency.

*TRON Network:*

- *Growth*: TRON supports over 300 million accounts and has introduced features like Gas Free transactions for USDT.

- *Decentralization*: TRON is considered a scalable and user-friendly platform for dApp developers ¹ ² ³.