#TRXETF

Overview of the Proposed TRX ETF

• Filing Entity: Canary Capital submitted a Form S-1 to the U.S. Securities and Exchange Commission (SEC) on April 18, 2025, proposing the launch of the Canary Staked TRX ETF. 

• Fund Structure: The ETF is designed to hold actual TRX tokens and stake a portion of them through third-party providers. BitGo Trust Company is designated as the custodian responsible for securely managing the staked assets.  

• Staking Rewards: Investors in the ETF would potentially earn an annual yield of approximately 4.5% from staking rewards, in addition to any capital appreciation from TRX’s price movements. 

• Market Context: This filing marks the first attempt to launch a U.S.-based ETF that combines direct cryptocurrency exposure with staking rewards. The SEC has previously been cautious about approving ETFs with staking components, making this proposal a noteworthy test case.