Canary Staked TRX ETF Launch Boosts TRON Price

The Canary Staked TRX ETF is set to launch today on Cboe BZX Exchange under the ticker TRXS, giving U.S. investors a regulated product that combines spot token exposure with on-chain staking rewards.

This move has led to a surge in TRON price, which has jumped over 1% in the last 24 hours and is currently trading around $0.339.

Justin Sun noted 'After shouting for so many years about institutions entering the market, they've finally arrived!' referring to the launch of the Canary Staked TRX ETF, which will let brokerage-account holders participate in TRON staking without managing wallets or lock-up periods.