📢#TRXETF NEWS:

🔸Canary Capital has filed an application with the SEC to launch the Canary Staked TRX ETF, a fund that tracks the price of the TRX token from Tron and offers rewards for staking.

🔸This would be the first ETF in the United States dedicated to TRX and would allow investors to gain regulated exposure to the cryptocurrency while generating additional yield through staking.

✅*Key aspects of the ETF:*

- *Management*: Canary Capital would manage the ETF's operations and oversee its overall performance.

- *Custody*: BitGo Trust Company would handle the custody of TRX tokens and oversee staking operations.

- *Objective*: The ETF seeks to provide regulated access to staking rewards and exposure to the TRX market.

✅*Potential impact:*

- *Institutional adoption*: A TRX ETF could attract institutional investors, increasing demand and potentially driving up the price of the cryptocurrency.

- *Market sentiment*: Although current sentiment is bearish, ETF approval could change market perception and lead to a price increase for TRX.

✅*Current situation of TRX:*

- *Price*: TRX is trading around $0.24, with a decline of 1.28% in the last 24 hours and 2.8% in the last week.

- *Predictions*: Some analysts predict that the price of TRX could drop to $0.23 in the short term, while others see potential for an increase toward $0.259 if market sentiment changes.