TRON ETF Fund Adds Staking Rewards to Investment Portfolio

The TRON ETF Fund, Canary Staked TRX ETF (TRXS), has added staking rewards to its investment portfolio. The fund, which began trading on Cboe on September 9 under the ticker TRXS, provides investors with direct exposure to TRON's native token, TRX, and built-in staking rewards.

This marks a significant development in the world of cryptocurrency exchange-traded funds (ETFs), as TRXS is the first US-listed ETF to combine direct exposure to TRX with staking rewards. The fund's primary objective is to track the value of its TRX holdings after expenses and liabilities, while its secondary objective is to earn additional TRX through staking.

The staking fees for TRXS are capped at 20% of the rewards generated, leaving the trust with the remaining 80%. The trust includes rewards it retains in its daily net asset value rather than distributing them separately to shareholders. This structure makes staking income part of the fund's value.