#TRXETF Canary Capital Proposes First U.S. Tron ETF with Staking Rewards

Canary Capital has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a spot Tron (TRX) Exchange-Traded Fund (ETF) that incorporates staking rewards. If approved, this would mark the first U.S.-based ETF offering both TRX price exposure and staking yields.

**Key Highlights:**

- **Innovative Structure:** The proposed ETF aims to provide investors with direct exposure to TRX's market performance while simultaneously earning staking rewards, estimated at an annual yield of approximately 4.5%.

- **Custodial Security:** BitGo Trust Company is designated as the custodian for the staked TRX assets, ensuring secure and compliant asset management.

- **Market Impact:** This development could pave the way for increased institutional participation in the Tron ecosystem, enhancing liquidity and potentially leading to more diversified crypto investment products in the U.S. market.

Stay tuned to Binance for updates on the #TRXETF and explore how this could influence your investment strategies.