#TRXETF Canary Capital has filed an application with the US Securities and Exchange Commission (SEC) to launch a staked TRON (TRX) ETF. This exchange-traded fund would track the price of TRX and allow investors to earn rewards through staking. Here's what you need to know ¹:

- *Key Features:*

- *Staking Mechanism*: The ETF would stake a portion of its TRX holdings to generate an annual yield of around 4.5%.

- *Custody Services*: BitGo Trust Company would provide custody services for the TRX holdings.

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

- *Market Impact:*

- *TRX Price*: TRON's token has a market capitalization of over $22 billion and an average daily trading volume of around $463 million. Its current price is $0.2416.

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