#TRXETF The #TRXETF refers to a proposed exchange-traded fund (ETF) based on TRON's native token, TRX. Here's what's happening ¹:

- *TRX ETF Filing*: Canary Capital has submitted a Form S-1 filing to the US Securities and Exchange Commission (SEC) for a staked TRX ETF. This ETF would track the spot price of TRX and offer investors a 4.5% annual yield through staking rewards.

- *Unique Feature*: The proposed ETF would be the first to include staking rewards, setting it apart from other crypto ETF proposals. BitGo Trust Company would provide custody services, and CoinDesk Indices would calculate the net asset value.

- *Potential Impact*: If approved, the TRX ETF could boost adoption and demand for TRON's native token, potentially driving up its price. TRX has recently shown strong market performance, surging over 122% in the past year and becoming the ninth-largest digital asset by market capitalization.

- *Current TRX Price*: TRX is currently trading at around $0.24, with a market capitalization of $23 billion.

*Key Details:*

- *Staking Rewards*: 4.5% annual yield

- *Custodian*: BitGo Trust Company

- *Pricing Data*: CoinDesk Indices

- *Market Cap*: $22.97 billion - $23.21 billion

- *24-hour Trading Volume*: $431.01 million - $396.63 million

The TRX ETF could attract institutional investors seeking exposure to the TRON network's growth and potential. With the increasing popularity of decentralized finance (DeFi) platforms and applications built on the TRON blockchain, the ETF could serve as a gateway for traditional investors to enter the crypto space.