🧨 #TRXETF : The ETF that could revolutionize staking in crypto! 🚀

Imagine an ETF that not only gives you exposure to the price of a cryptocurrency but also rewards you with passive income. 🛌💰 That is exactly what the new Canary Staked TRX ETF proposes, an initiative that is generating a lot of buzz in the crypto world.

📌 What is the Canary Staked TRX ETF?

On April 18, 2025, the American firm Canary Capital submitted a request to the SEC to launch the first TRON (TRX) ETF that incorporates staking rewards. This means that, in addition to tracking the price of TRX, investors could earn additional returns simply by holding the ETF in their portfolio. An innovative proposal that combines the best of both worlds: investment and passive income generation.

🛡️ Security and transparency

To ensure the security of the assets, BitGo Trust will be the custodian responsible for safeguarding the TRX of the fund. Additionally, the net asset value of the ETF will be calculated using CoinDesk indices, ensuring transparency and accuracy in valuation.

📣 Support from Justin Sun

The founder of TRON, Justin Sun, was quick to show his enthusiasm. On his X (formerly Twitter) account, he shared the link to the application with the message: “Finally something that makes sense on the SEC site — TRX ETF LFG!!!” 🎯 His support has generated a great stir and expectations in the crypto community.

📉 And the market?

Despite the excitement, the price of TRX has shown a slight downward trend in recent days. However, many analysts believe that the approval of this ETF could be the catalyst that TRX needs to start a new phase of growth.

🔮 What’s next?

The proposal is still under review by the SEC. If approved, it would mark a milestone in the integration of traditional financial products with innovations from the crypto world. We will stay tuned for updates.

Sources: BeInCryptoThe Currency analyticsCrypto News Flash