#TRXETF

Canary Capital Files for First-Ever Staked TRX ETF​

Canary Capital has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever spot TRX ETF that includes staking rewards. This innovative product aims to provide investors with exposure to TRON's native token, TRX, while also offering an estimated 4.5% annual yield through staking. ​

🔍 Key Highlights:

Staking Integration: Unlike traditional crypto ETFs, this fund plans to stake the TRX it holds, allowing investors to earn passive rewards generated by the TRON network’s staking mechanism. ​

Custody Partner: BitGo Trust Company has been selected to securely manage the ETF's TRX holdings. ​

Regulatory Landscape: If approved, this would mark the first U.S.-based crypto ETF to incorporate staking, potentially setting a precedent for future products. ​

TRON founder Justin Sun has expressed strong support for the initiative, urging American venture capital institutions to consider TRX as a solid investment with growing market value. ​

As the SEC reviews this groundbreaking proposal, the crypto community watches closely, anticipating a potential shift in how digital asset investments are structured in the U.S.​

#TRXETF #Tron #CryptoETF #Staking #BlockchainInnovation