In a move that could reshape the digital asset landscape and attract significant capital to the Tron ecosystem, the investment management firm Canary Capital has filed a formal application with the U.S. Securities and Exchange Commission (SEC) to launch the first exchange-traded fund (ETF) that will not only track the price of Tron’s native token, TRX, but will also include the earnings generated through staking.
The proposed investment vehicle, called the Canary Staked TRX ETF, aims to offer investors a regulated and more familiar way to gain exposure to TRX, while also incorporating the inherent returns from the proof-of-stake consensus mechanism of the Tron network. This initiative represents a milestone, being the first ETF application in the U.S. that explicitly seeks to include staking functionality for TRX from its inception.
Staking on the Tron network allows TRX holders to participate in transaction validation and governance of the protocol in exchange for rewards, which essentially generates a return on the locked assets. By integrating this element, the Canary Staked TRX ETF would provide investors the opportunity to benefit from this passive income without the need to directly manage the technical and security aspects associated with the individual staking process.