Recently, the US asset management giant Canary Capital officially submitted the S-1 registration statement for the TRX ETF to the US Securities and Exchange Commission (SEC). It is worth noting that this is the first listing application submitted by a Chinese public chain token ETF to the US SEC. This is a major move towards the box/regulation, and is also part of Sun Ge’s strategic focus in recent years.
Sun founded TRON in 2017, and TRX is the native cryptocurrency of TRON. (It is worth mentioning that during the recent crypto market crashes, many altcoins fell by 60% or 70%, but the price of TRX has remained relatively stable. It has to be said that Sun is good at controlling the market.)
There are several trends worth noting behind this incident:
1. ETF bets:
TRX has become a public chain project that attempts to enter the mainstream US market in the form of an ETF after BTC and ETH. The registration application has been published on the SEC's official website. If approved, Chinese entrepreneurs will have a new paradigm and role model in Web3, and the valuation and attention of the entire TRON ecosystem will also be greatly improved.
2. The ecological structure gradually becomes clear:
TRON is not a single point of advancement, and has formed three core components around TRX:
-Public chain infrastructure (TRON)
-Traffic and Trading Platform (HTX)
- Stablecoin (USDD)
The three-pronged strategic layout has been initially completed, taking into account the technical foundation, user entry and value anchoring.
From appearing on the English cover of Forbes on March 28 to now entering the ETF market in a high-profile manner. It can be seen that Sun Ge has been trying to build a more "institutionalized" crypto ecosystem in recent years. His goal is not only to grow within the circle, but also to enter the mainstream financial system. He will not let go of any business that can make money [cover mouth and laugh R][cover mouth and laugh R]
It usually takes 3-8 months for US ETFs to go from application submission, approval to final listing. However, Sun seems very confident about the approval of TRX ETF.#币安Alpha上新 #韩国加密政策
