Canary Capital Launches First Staked TRX ETF in US Market
Canary Capital has launched its first staked TRON ETF in the US market. The fund, called the Canary Staked TRX ETF, trades under the ticker TRXS and offers investors exposure to TRON's native token while incorporating rewards earned from staking.
The TRXS fund is designed to stake substantially all of its TRX holdings, with retained rewards incorporated into its net asset value. This means that the fund will earn additional tokens through staking, which will be included in its daily net asset value calculation.
According to recent reporting, the Canary Capital product is set to start trading on Wednesday, Sept. 9, as the first staked exchange-traded fund tied to TRON. The launch gives institutional investors another way to access a network already being used for financial activity.