Canary Capital Files Amended Registration Statement for Staked TRX ETF

Canary Capital has filed an amended registration statement for its proposed Canary Staked TRX ETF, providing more details on the fund's fee structure and staking approach.

The filing discloses a 1.10% management fee, which is significantly lower than other crypto ETFs currently in the market.

The proposed fund would introduce staking into the ETF wrapper, allowing up to 90% of its assets to be staked and potentially earning rewards from participating in network validation or staking operations.

This development marks a significant milestone for the Staked TRX ETF proposal, but it's essential to note that approval is not guaranteed, as the SEC may ask questions, request changes, delay review, or block the path entirely depending on the structure.