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 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 Aims to Launch TRON-Focused ETF

Canary Capital has filed a Form S-1 registration with the US Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) focused on Tron (TRX). The proposal, submitted on April 18, is the first of its kind to offer investors exposure to TRX’s market performance while also providing staking rewards. This sets the fund apart from previous spot crypto ETF proposals. Canary Capital’s TRX ETF Could Test SEC Stance on Staking …

Canary Capital Seeks Approval for TRX Staked ETF

On the heels of the recent surge in TRX prices, Canary is making waves in the crypto world by filing for a staked TRX ETF. This move comes as investors show increasing interest in TRX, the native cryptocurrency of the Tron blockchain. Canary’s decision to introduce a staked TRX ETF could provide investors with a new avenue to gain exposure to TRX while earning rewards through staking. Staking has gained popularity in the crypto space as a way fo…

Canary Capital Files for Staked TRX ETF With U.S. SEC - Invest In Crypto News

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Canary Capital seeks SEC approval for staked Tron ETF

American asset management firm Canary Capital has boldly moved a new filing for a staked Tron ETF. On Friday, the firm filed an S-1 prospectus with the U.S. Securities and Exchange Commission for a spot Tron ETF that would include staking capabilities. The new Canary Staked TRX ETF product seeks to provide Tron’s price exposure. Canary Capital expands ETF lineup with Tron filing Renowned for pioneering some of the most notable altcoin ETF produc…