#TRXETF The first exchange-traded fund for TRX with stacking rewards coming to the United States? #TRXETF
Canary Capital announced the filing to create the first exchange-traded fund (ETF) in the United States that tracks the price of the TRX digital currency from the Tron platform and includes stacking rewards. If approved, this will be the first Tron ETF in the United States, adding to the wave of proposals for exchange-traded funds for alternative cryptocurrencies under review by the U.S. Securities and Exchange Commission (SEC).
This move is significant as it provides American investors with an organized way to invest in TRX with the potential for additional income through stacking rewards. Currently, the annual yield from stacking TRX is estimated at around 4.5% on platforms like Coinbase.
However, the future of this exchange-traded fund is still under review by the SEC, which has expressed reservations in the past about including stacking features in cryptocurrency exchange-traded funds. It remains to be seen how the regulatory body will handle this new application.
The question remains: Will you invest in the TRX ETF with the stacking feature? What do you think about the gaining momentum of exchange-traded funds for alternative cryptocurrencies? #TRXETF