Canary Capital Files for First-Ever Staked TRX ETF with SEC

In a groundbreaking move for the Tron (TRX) ecosystem, Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the Canary Staked TRX ETF. This marks the first-ever exchange-traded fund proposal tied to TRX, aiming to provide investors with exposure to TRX price movements while incorporating staking rewards. The proposed ETF would hold actual TRX tokens under BitGo Trust Company’s custody, pending regulatory approval as of April 2025.

Canary Files for Staked TRX ETF

Canary Capital has filed for a new exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC), proposing the Canary Staked TRX ETF launch. The fund would offer investors exposure to the price movements of TRX while incorporating staking features. The application is pending regulatory approval and would hold actual TRX tokens, with custody managed by BitGo Trust Company. Notably, this is the first ETF related to TRX. The move represents an attempt to expand crypto investment products beyond traditional spot holdings and explore yield-generating features tied to proof-of-stake (PoS) blockchain networks. However, staking within US-listed crypto ETFs remains a contested regulatory issue.

Canary Capital Files for Staked TRX ETF With U.S. SEC

Canary Capital Group has filed with the United States Securities and Exchange Commission (SEC) to offer a Canary Staked TRX ETF. This ETF will track TRON (TRX) and allow investors to earn passively through the blockchain’s staking feature. CSC Delaware Trust will serve as the trustee, while BitGo Trust Company will act as the custodian. The staking feature for crypto ETFs is expected to be approved by the Donald Trump administration. TRX has been preparing to enter its macro price discovery phase. Canary Capital has not yet disclosed the fund’s management fee and ticker symbol.

Cryptos and Tech Stocks Impacted by Trump-China Trade Tensions

The escalation of trade tensions between the United States and China is disrupting global financial markets. Cryptocurrencies and tech stocks are feeling the full impact of new tariff measures announced by the Trump administration, with duties reaching up to 245% on certain Chinese imports. This geopolitical tension has led to a strong correlation in the performance of cryptos and tech stocks. Investors are awaiting the Federal Reserve’s next decisions on May 6 amidst this uncertain market environment. Notably, coins such as BTC, ETH, LTC, and others in the list are likely to be affected by these broader market movements, while exchanges like bybit, mexc, coinbase, and others will continue to closely monitor the situation.