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Canary Capital Launches Staked TRX ETF

OdailyOdaily

Odaily News: Canary Capital announced the launch of the Canary Staked TRX ETF, trading under the ticker TRXS. The product aims to provide investors with exposure to TRX while earning staking rewards, offering an investment avenue based on a registered structure for investors focused on payment and settlement infrastructure.

Canary also reminded that TRXS is not a direct investment in TRX, and that this exchange-traded product is not registered under the Investment Company Act of 1940, and therefore does not enjoy the same regulatory and investor protections as registered ETFs and mutual funds under that Act. The product carries higher risk and volatility, and investors may lose their entire principal.

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