TRON Spot ETF Launches with Staking

Canary Capital Files for US-Listed Tron TRX ETF with Staking

• Canary Capital has applied for the first US-listed ETF focused on Tron’s TRX token, incorporating staking features.
• The Canary Staked TRX ETF will track TRX’s spot price using CoinDesk Indices calculations, minus expenses.
• BitGo Trust Company will provide custody services and maintain control of private keys for TRX holdings.
• The fund will stake portions of its TRX holdings through third-party providers to earn staking rewards.
• TRX operates on the Tron blockchain, capable of processing up to 2,000 transactions per second.

The proposed Canary Staked TRX ETF aims to simplify investment in Tron’s TRX by tracking its spot price and offering staking rewards. BitGo Trust Company will handle custody services and private key management for the fund’s holdings.