Tron ETF Now Available to Investors

The Canary Staked TRX ETF is now available to investors, marking the first U.S.-listed fund focused on Tron cryptocurrency.

The ETF, which launched on September 8, has already gathered $50.3 million in assets under management by September 16.

The fund's main goal is to provide exposure to Tron and earn more of the token through proof-of-stake validation on the network.

This convenience may appeal to investors who want to avoid staking their tokens themselves, but it comes with an annual fee of 1.1%, higher than the category average of 0.83%.