Canary Capital Files for Tron (TRX) ETF With Staking Capabilities

Canary Capital Files for Tron (TRX) ETF With Staking Capabilities

Canary Capital is looking to launch an exchange-traded fund (ETF) tracking the price of Tron’s native token, TRX, according to a filing.The hedge fund submitted a Form S-1 for the Canary Staked TRX ETF with the Securities and Exchange Commission (SEC) on Friday. As the name suggests, the fund — if approved — would stake portions of its holdings.This would be done through third-party providers, with BitGo acting as custodian for the assets. The f…

Canary Tests SEC: Files First Spot TRX ETF Proposal with Staking

Canary Capital’s TRX ETF filing is the first to combine spot exposure with staking rewards. The proposed ETF will use BitGo as custodian and CoinDesk Indices for TRX price tracking. TRON’s TRX token has a $22B market cap and offers approximately 4.5% annual staking yield. Canary Capital filed an S-1 form with the SEC on Friday, proposing a spot exchange-traded fund (ETF) for TRON’s TRX cryptocurrency. Uniquely, the proposed ETF includes staking …

Tron price stalls as its YTD fees surge towards $1 billion

The Tron price has stalled between the key support and resistance levels at $0.2210 and $0.2595 even as its fees rise. The Tron (TRX) token was trading at $0.2430, giving it a market capitalization of $23 billion, making it the…

The fund manager seeks to innovate with a financial product that combines exposure to the price of TRON with rewards for stacking. *** Canary Capital proposes an ETF that would bet on TRON’s token TRX. The fund would use external services to stack, with BitGo as custodian. The SEC does not yet approve any ETF with stacking included in the US. Canary Capital, an American investment firm, submitted a request to the US Stock Exchange and Securities…

Canary Capital Files For Staked TRX ETF Approval With The SEC To Maximize Yield

Canary Capital submits S-1 filing for Staked TRX ETF with SEC. ETF aims to hold TRX tokens and stake them for additional yield. SEC’s regulatory stance on staking crypto in ETFs remains uncertain. Canary Capital, a U.S.-based asset manager, has filed an application for an exchange-traded fund (ETF) that will hold and stake TRX ,the native token of the Tron blockchain. The ETF aims to offer investors exposure to TRX market prices and produces add…

Canary Capital Moves to Launch First Staked TRX ETF in the US - Crypto News Flash

Canary Capital submitted a proposal to launch a staked TRX ETF offering both price exposure and staking rewards. The ETF plans to stake assets through third-party providers and use BitGo Trust for custody services. Canary Capital has officially made a bold move by submitting a proposal to the United States Securities and Exchange Commission (SEC) to launch the Canary Staked TRX ETF. This product is designed for investors who want to get direct e…