Canary Capital Seeks Approval for First-Ever Spot TRX Exchange-Traded Fund

Canary Capital has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for a spot TRX exchange-traded fund (ETF), expanding its pipeline of crypto investment products.

The proposed ETF, which would trade under the ticker TRXS, aims to track the price of Tron's native cryptocurrency, TRX, directly, rather than through futures contracts.

This move marks another step in Canary Capital's aggressive push into crypto ETFs, following its earlier applications for spot Litecoin and XRP funds.