SoFi Launches Canary Staked TRX ETF on Traditional Accounts

SoFi has launched the Canary Staked TRX ETF, allowing traditional accounts to directly invest in staked TRON (TRX) at a price of $0.34 per unit.

The ETF is managed by TRON DAO and offers investors an alternative way to access staked TRX without having to hold the underlying asset.

According to technical analysis, the current price of $0.34 sits at the convergence point of the EMA50 and EMA200 moving averages, indicating a potential support level.