CHADEEPA NETHSARA
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$TRX $TRX
Market Momentum Update for TRX
TRX is currently trading near its 24-hour high, which is an indication of strong bullish momentum. Volume also looks healthy, and the price is currently testing the resistance zone — there is a possibility of a breakout
Market Momentum Update for TRX
TRX is currently trading near its 24-hour high, which is an indication of strong bullish momentum. Volume also looks healthy, and the price is currently testing the resistance zone — there is a possibility of a breakout
#TRXETF
-Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever TRON (TRX) exchange-traded fund (ETF) that incorporates staking. The proposed “Canary Staked TRX ETF” aims to provide investors with exposure to TRX’s spot price while generating additional yield through staking rewards, currently estimated at around 4.5% annually. BitGo Trust Company is set to serve as the custodian, managing both the storage and staking operations of the TRX tokens. This initiative marks a significant step in integrating staking features into regulated financial products, potentially setting a precedent for future crypto ETFs that combine asset exposure with yield-generating mechanisms.💸
-Canary Capital has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever TRON (TRX) exchange-traded fund (ETF) that incorporates staking. The proposed “Canary Staked TRX ETF” aims to provide investors with exposure to TRX’s spot price while generating additional yield through staking rewards, currently estimated at around 4.5% annually. BitGo Trust Company is set to serve as the custodian, managing both the storage and staking operations of the TRX tokens. This initiative marks a significant step in integrating staking features into regulated financial products, potentially setting a precedent for future crypto ETFs that combine asset exposure with yield-generating mechanisms.💸
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