Canary Capital Seeks SEC Approval for TRX ETF with Staking Rewards

Nashville-based Canary Capital has filed an S-1 registration with the SEC for a TRX ETF that includes staking capabilities, potentially offering investors additional yield on their TRON holdings.

Canary Capital Files for TRX ETF with Staking Component

Canary Capital has filed an application with the U.S. Securities and Exchange Commission (SEC) to list an ETF that holds the TRON blockchain network’s native token, TRX. The fund, known as the Canary Staked TRX ETF, will include staking capabilities, allowing investors to earn extra yield on their investment. The Nashville, Tennessee-based firm submitted an S-1 registration statement for the ETF on Friday. As the name suggests, the fund seeks to hold spot TRX and stake a portion of the tokens via one or more staking infrastructure providers. This is one of many US spot exchange-traded fund applications that have been piling up recently.

Tether Revenue Soars Near $1.5 Billion, Outpacing Ethereum and Others

Tether (USDT), the largest stablecoin in the cryptocurrency industry, has generated $1.46 billion this year, with expectations to surpass $1.5 billion soon. This figure significantly outpaces other stablecoins and major crypto players like Tron (TRX), Circle (parent company of USD Coin or USDC), Solana (SOL), and Ethereum (ETH). Ethereum, which was historically one of the most profitable players, has made just $157 million this year. Circle has earned $620 million as it prepares for its IPO, while Solana has generated $159 million largely due to meme coins within its ecosystem. Tron is also mentioned as a significant player but without specific revenue figures provided in this context.

Tron Coin’s Price Action Takes An Interesting Turn

TRON (TRX) price broke above a descending trendline resistance that had held since the start of 2025. The filing for a staked ETF combined with increasing active addresses could see TRON price maintain its position above this trendline. The TRX market demonstrated new bullish momentum by crossing a long-standing descending line which served as resistance since late 2024. Price action reached the $0.2430 level during this crucial breakout. A period of bullish momentum enabled TRX price to rise towards $0.2600 but faced immediate resistance. The upcoming price action may find support at $0.2384 and $0.2428, which stands as a major technical level.