It resonates strongly in the crypto sphere again, this time with solid fundamentals. Justin Sun, the founder of Tron, recently confirmed the filing of an S-1 application with the SEC by Canary Capital for a Tron ETF with staking. This announcement has injected a palpable dose of optimism into the TRX community.
Currently, Tron (TRX) is trading around $0.24, maintaining its position as one of the top ten cryptocurrencies by market capitalization. In the last 24 hours, it has experienced a slight variation, but over the past year, it has shown impressive growth of over 120%. The news of the ETF has been a catalyst, validating the growing traction of TRX in the market.
The proposal from Canary Capital is innovative by including staking rewards, with an estimated annual yield of 4.5%. This could attract investors seeking passive returns in addition to price appreciation. However, the SEC has not yet approved any ETF with staking features, so this aspect adds uncertainty to the process.
Despite regulatory challenges, Justin Sun's confirmation has generated excitement and the expectation of greater institutional adoption. If approved, a TRX ETF could significantly simplify investment in Tron, opening the doors to broader capital and further consolidating its position in the crypto market. The community's eyes are now on the SEC, awaiting the next steps in this promising development for #TRXETF
