Is the first of its kind? TRON (TRX) knocks on Wall Street's doors with staking rewards!"

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In a move that may represent a new turning point in the world of cryptocurrencies, Canary Capital has officially applied to the U.S. Securities and Exchange Commission (SEC) to launch the first spot ETF for TRON (TRX), featuring staking rewards, making it the first of its kind ever.

The proposed new financial product, named Canary Staked TRX ETF, aims to provide traditional investors with a simplified way to gain exposure to TRX price movements while simultaneously benefiting from the staking returns offered by the network. BitGo Trust has been selected as the custodian for the TRX assets of the fund.

Interestingly, TRON founder Justin Sun has expressed his full support for the initiative, which has increased expectations for major financial institutions to enter the investment scene in TRX should this fund be approved.

However, despite this news, the markets have not seen significant movement in TRX's price so far, and the final decision rests with the SEC, which has yet to issue its ruling. Investors should closely monitor regulatory developments and potential market impacts before making any investment moves.