Overview of the proposed TRX ETF
In April 2025, Canary Capital submitted a registration application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) called the Canary Staked TRX ETF. This fund aims to provide investors with the opportunity to invest in TRX (the native coin of the TRON network) while simultaneously benefiting from staking rewards, making it different from regular crypto funds.
The founder of the TRON network, Justin Sun, publicly supported this initiative, posting the application file on his Twitter account and writing:
"Finally, I see something logical on the SEC website — TRX ETF, let's go!!!"
This support has raised speculation about the potential for larger institutional investment in TRX.
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Market reaction and current situation
Despite the hype surrounding the fund, the performance of TRX in the market has been relatively calm.
Currently, TRX is trading at around $0.2417, down slightly about 1.23% in the last 24 hours.
Analysts believe that the fund could be a strong driver for growth in the future, but the market is waiting for further developments before making significant moves.
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Advice for investors
Regulatory approval: The fund is still under review by the SEC, and there is no guarantee that it will be approved.
Market volatility: The crypto market is inherently volatile, and the emergence of new financial instruments can cause unexpected price movements.
Staking system: Introducing staking rewards into the fund adds complexities and risks that investors need to understand well.
