Canary Capital Launches First Staked TRX ETF in US

Canary Capital has launched the first staked TRX ETF in the US under the ticker TRXS, giving investors exposure to TRON's native token while incorporating rewards earned from staking. The fund is designed to stake substantially all of its TRX holdings and retain rewards as part of its net asset value.

TRON founder Justin Sun said the launch gives institutional investors another way to access a network already being used for financial activity. He added that the product provides access to a network 'already powering real-world financial activity at scale.'

The TRXS ETF is listed on Cboe and creates a brokerage-based route to TRX without requiring investors to directly hold the token or manage the technical process involved in staking it.