$TRX Latest developments regarding a potential TRX Exchange Traded Fund (ETF) are centered around a recent filing by Canary Capital with the U.S. Securities and Exchange Commission (SEC) on April 18, 2025. This proposal seeks to create the first U.S.-based spot ETF for Tron's native token, TRX, and uniquely includes a staking component.

If approved, the "Canary Staked TRX ETF" would allow investors to gain exposure to the price of TRX while also benefiting from staking rewards, estimated at around 4.5% annually. BitGo Trust Company has been named as the custodian for the TRX holdings.

The announcement of this filing has generated significant buzz within the crypto market, leading to a notable price surge and increased trading volume for TRX. Justin Sun, the founder of Tron, has also confirmed the filing. This development positions TRX as the 13th cryptocurrency to have a spot ETF application in the U.S. following the approval of Bitcoin and Ethereum ETFs. However, the SEC's stance on including staking within crypto ETFs remains a key point of uncertainty for the approval of this and similar proposals.