#TRXETF TRX ETF: A Game-Changer in the Making?

Canary Capital has officially filed an S-1 form with the U.S. SEC to launch the first-ever U.S.-listed ETF based on TRON’s native token, TRX. This proposed fund, named the Canary Staked TRX ETF, is designed to track the spot price of TRX while also offering staking rewards—a first for any ETF in the U.S.

Key Highlights:

Staking Rewards Included

This ETF isn’t just about price tracking. It plans to stake a portion of its TRX holdings using third-party providers, allowing investors to earn passive income through staking—a unique feature in the ETF space.

Secure Custody

Crypto assets will be held by BitGo Trust Company, known for its strong security and institutional-grade custody services.

Institutional Gateway

The ETF aims to make TRX more accessible to traditional investors by simplifying exposure and integrating yield-generating features.

Market Buzz:

Despite the innovation, TRX’s current market performance remains modest. It's trading around $0.24, with slight declines over daily and weekly charts. Still, the ETF filing has sparked optimism among investors and analysts.

TRON founder Justin Sun backed the news, tweeting:

> “Finally seeing something that makes sense on the SEC website — TRX ETF LFG!!!”

His support has further boosted interest, with some anticipating a bullish shift for TRX if the ETF gets green-lit.

What’s Next?

This filing could be a turning point—not just for TRON, but for crypto ETFs in general. The inclusion of staking rewards might face regulatory hurdles, as the SEC has historically been cautious about staking in traditional finance products.

But if approved, this ETF could set a new standard for how crypto assets are packaged for mainstream investment