#TRXETF Canary Capital has filed an application with the U.S. SEC to launch the first U.S.-listed ETF focused on TRON’s native token, TRX. Named the Canary Staked TRX ETF, the fund is designed to track the spot price of TRX while also earning staking rewards by staking a portion of its holdings through third-party providers. BitGo Trust Company will act as the custodian for the assets.

The ETF aims to bridge the gap between traditional finance and crypto by offering investors exposure to TRX in a familiar ETF format, enhanced with staking benefits. Details such as the ticker symbol and management fee are yet to be announced.

This move follows recent signals from TRON founder Justin Sun, who hinted at upcoming institutional initiatives involving TRX. As of April 20, 2025, TRX is trading around $0.25, with a market cap near $23.3 billion.