Canary Staked TRX ETF Hits Exchanges with Built-In Staking

Crypto news: Canary Staked TRX ETF launches on Cboe BZX Exchange

The first US spot TRX fund with built-in staking, TRXS, started trading on September 9. This new exchange-traded fund offers direct exposure to the Tron blockchain's native token, TRX.

What sets this ETF apart is its staking mechanics. It holds TRX directly and stakes more than 90% of its holdings. The resulting yield is then folded back into its daily net asset value.

The fund has a 1.10% annual sponsor fee, which is accrued daily and payable in either TRX or cash. Aggregate staking fees are capped at 20% of the rewards generated, with the remaining 80% retained by the trust for NAV accretion.