#TRXETF
Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a staked TRX ETF, which would allow investors to gain exposure to the price movements of TRON (TRX) while earning staking rewards. This proposed ETF would stake a portion of its TRX holdings through third-party providers to generate an annual yield of approximately 4.5%.
*Key Features:*
- *Staking Mechanism*: The ETF would hold spot TRX and stake a portion of the tokens to generate added yield.
- *Custody Services*: BitGo Trust Company would provide custody services for the TRX holdings.
- *Net Asset Value*: The ETF's net asset value would be calculated using CoinDesk Indices.
- *Potential Listing*: Although the specific exchange for the ETF has not been announced.
*Market Impact:*
- *TRX Price*: TRON's token has a market capitalization of over $22 billion and currently trades around $0.24.
- *Market Sentiment*: Despite the ETF filing, TRX's market sentiment remains neutral with a
