SEC to consider application for TRON-based ETF

The U.S. Securities and Exchange Commission (SEC) has begun reviewing an application from CBOE for the registration of a spot exchange-traded fund (ETF) based on TRON (TRX) with staking functionality from Canary Capital.

The product's custodian will be Bitgo.

The commission has reached out to stakeholders for their opinions regarding the proposed rule change.

Previously, Canary Capital had submitted applications for launching spot exchange-traded funds based on Sui, Hedera, and Litecoin.

On May 22, the SEC postponed the review deadlines for the listing proposals of XRP-ETF from Bitwise, XRP-ETF and LTC-ETF from Coinshares, as well as BTC-ETF from Fidelity with the option for physical redemption.