Canary Capital Files for Tron ETF With Staking Feature

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.