#TRXETF Canary Capital has applied to launch a **spot ETF in the USA**, which will track the price of the token **TRX (Tron)** and include staking rewards. If approved by the **SEC**, this will be the first **ETF on Tron** in the USA, strengthening the growing trend of ETF offerings related to altcoins.

Previously, the regulator has already approved a **bitcoin ETF**, and is now actively considering applications for **Ethereum ETFs**. However, the decision on the **TRX ETF** may face additional challenges, considering the **regulatory risks** associated with Tron and its founder **Justin Sun**.

If the SEC gives the green light, this could pave the way for **other altcoin ETFs**, expanding institutional investors' access to the cryptocurrency market. However, the timeline for reviewing the application is still unknown.

If the SEC approves this ETF, it could significantly enhance the liquidity and legitimacy of TRX in the American market, attracting new institutional investors. However, critics are concerned that regulators may reject the application due to past legal issues with Tron, including allegations of market manipulation and illegal securities transactions. But there is a possibility that the ETF may be approved. Justin Sun is a pro at promoting the Trx project.