What is TRX ETF?

On April 19, 2025, Justin Sun, the founder of the TRON network, announced on Twitter the filing for the creation of an Exchange-Traded Fund (ETF) for TRX currency on the website of the U.S. Securities and Exchange Commission (SEC), marking an important step towards broader regulatory acceptance of the TRX digital currency and attracting greater interest from institutional investors.

What is TRX ETF?

TRX ETF is an Exchange-Traded Fund aimed at tracking the price of the TRON (TRX) currency and providing a regulated means for investors to gain exposure to this digital currency without needing to purchase the currency itself directly. This type of fund makes it easier for investors to enter the market in a safer and more organized manner.

Impact of the announcement on the market

Following the announcement, the price of TRX saw a rapid increase from about $0.12 to $0.15 during the first hour of the announcement, reflecting a 25% increase in the price of the currency on the TRX/USDT pair on the Binance platform within the first two hours, with trading volume reaching $800 million.

On the Huobi platform, the price of TRX against Bitcoin increased by 20% with a trading volume of 1,200 Bitcoins in the first hour after the announcement.

Open interest in TRX futures contracts also rose by 30%, reaching 500 million TRX by 3 PM EST on the same day.