#TRXETF Justin Sun, the founder of Tron (TRX), has confir med speculation surrounding a potential spot TR X exchange-traded fund (ETF). In a post to his 3. 8 million followers on X, Sun shared a link to a For m S-1 filed by Canary Capital, marking the first of ficial bid for a staked TRX ETF in the U.S.

The proposed ETF aims to track the spot price of TRX while offering investors a 4.5% annual yield t hrough staking rewards. This dual benefit sets it apart from other crypto ETF proposals, as the U. S. Securities and Exchange Commission (SEC) h as yet to approve any ETF with a staking compo nent. Notably, Grayscale's similar request for its Ethereum fund is still under review.