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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 11 sources · 13 days · First seen · Last updated

Launch of Canary Staked TRX ETF in the United States

Overview

Canary Capital launched the Canary Staked TRX ETF (TRXS) on the Cboe BZX, representing the first U.S.-listed exchange-traded product tied to the TRON network. The fund is designed to provide exposure to the spot price of the TRX token while generating additional rewards through the network’s delegated proof-of-stake validation process. The fund intends to stake at least 90% of its holdings, with net rewards reflected in the net asset value.

Following its debut, the fund rapidly accumulated $50.3 million in assets under management as of September 16. The ETF carries an annual management fee of 1.1%, which is noted as being higher than the category average of 0.83%. The TRON network is recognized for its high throughput and role in stablecoin settlements, particularly involving Tether (USDT).

Entities

Canary Capital · TRON · SEC · Cboe BZX · BitGo Bank & Trust

Timeline

  1. about 22 hours ago

    [BUSINESS] 3 sources
    Canary Capital launches first U.S. Tron ETF

    Canary Capital's new Canary Staked TRX ETF has reached $50.3 million in assets within its first two weeks, offering investors direct exposure to Tron and staking rewards.

  2. 14 days ago

    [BUSINESS] 8 sources
    Canary Capital launches first U.S. Staked TRX ETF

    Canary Capital has launched the Canary Staked TRX ETF (TRXS) in the U.S., offering investors exposure to TRON's native token and staking rewards through a regulated exchange-traded structure.

Sources

bitcoinethereumnews.com · blockchainreporter.net · coindoo.com · cointrust.com · criptoinforme.com · crypto-insiders.nl · financiarul.ro · foreignpolicyjournal.com · it-boltwise.de · phocapblockchain.net · tronweekly.com