#TRXETF

Canary Capital has submitted an application to create an American instant exchange-traded fund that tracks the price of the TRON TRX token, and includes storage.

The proposed fund will rely on third parties for storage, and BitGo as a custodian, with pricing data from CoinDesk indices.

The U.S. Securities and Exchange Commission (SEC) previously opposed the storage features in cryptocurrency exchange-traded funds, although the current leadership may be more open to them.