#TRXETF View original



Tariqtariq

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#TRXETF There is exciting news in the world of cryptocurrencies. Justin Sun, the founder of Tron (TRX), has confirmed that a TRX exchange-traded fund (ETF) is in the works. Here’s what you need to know ¹:

- *TRX ETF Filing*: Canary Capital has filed an S-1 form for a TRX ETF with staking, which would track the spot price of TRX and offer investors an annual return of 4.5% through staking rewards.

- *Unique Feature*: This ETF would be the first to include staking rewards, setting it apart from other cryptocurrency ETF proposals.

- *SEC Review*: The U.S. Securities and Exchange Commission (SEC) has yet to approve any ETF with a staking component, so this could change the game if approved.

- *Market Impact*: TRX has seen significant growth, increasing more than 122% in the last year and becoming the ninth largest cryptocurrency by market capitalization.

Some key details about TRX ² ³:

- *Current Price*: $0.2419, with a 1.38% increase in the last 24 hours

- *Market Capitalization*: $22.97 billion

- *24-Hour Trading Volume*: $431.01 million

The VanEck TRON ETN (VTRX) is another investment product that tracks the performance of TRX. It is listed on regulated stock exchanges and offers 100% collateralization with TRON ⁴.