Canary's Staked TRX ETF TRXS Begins US Trading

The Canary Staked TRX ETF, listed as TRXS, has begun trading on the US market under Cboe BZX. This development brings a new investment option to US participants, one that focuses not just on holding the native token of Tron (TRX), but also on staking it to generate additional returns.

The fund's net asset value is based on the CoinDesk Tron Benchmark Rate 60m NY Rate, which serves as a reference point for calculating its value. However, the shares themselves are listed under the TRXS ticker and can be traded separately.

Canary plans to stake at least 90% of its TRX holdings, with this allocation being central to the fund's structure. This approach combines token exposure with staking economics on the Tron network.