#TRXETF Canary Capital has filed for a TRX ETF, aiming to be the first US-listed exchange-traded fund to hold and stake Tron's TRX token. This innovative approach seeks to provide investors with both spot price exposure to TRX and a potential yield from staking rewards, estimated around 4.5% annually.

The proposed TRXETF would simplify TRX investment for traditional investors by handling custody through BitGo and tracking prices via CoinDesk Indices. By staking a portion of the held TRX, the ETF aims to generate passive income for its shareholders.

This development marks a significant step in integrating staking with traditional financial products, potentially opening doors for broader institutional investment in TRX. If approved by the SEC, the TRXETF could offer a unique combination of capital appreciation and yield generation within a regulated framework.