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Canary Capital Files for Tron ETF With Staking Feature

The proposed Canary Staked TRX ETF would track Tron’s spot price and include staking capabilities, pending SEC review.

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Overview

  • Canary Capital submitted an S-1 filing to the SEC for the Canary Staked TRX ETF on April 18, 2025.
  • The ETF would track the spot price of Tron (TRX) using CoinDesk Indices and include a staking mechanism for additional yield.
  • BitGo Trust Company has been named as the custodian for the fund's assets, according to the filing.
  • The SEC has not yet approved any crypto ETF with staking features and recently delayed a decision on a similar request from Grayscale.
  • Canary Capital has also filed for other altcoin ETFs, including those tied to Sui, XRP, and Solana, as part of a broader wave of crypto ETF applications.