What is TRX ETF?

#TRXETF On April 19, 2025, Justin Sun, the founder of the TRON network, announced via Twitter the listing of a request to create an Exchange-Traded Fund (ETF) for the currency #TRX on the website of the U.S. Securities and Exchange Commission (SEC), representing an important step toward broader regulatory acceptance for the digital currency TRX and attracting greater interest from institutional investors.

What is #TRXETF ?

TRX ETF is an Exchange-Traded Fund aimed at tracking the price of the TRON (TRX) currency and providing a regulated way 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

After the announcement, the price of $TRX witnessed a rapid increase from around $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 during 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 1200 Bitcoins in the first hour after the announcement.