Tron's TRX Enters Mainstream with Cboe-Listed Staked ETF

The Canary Staked TRX ETF has begun trading on Cboe under the ticker TRXS, providing institutional investors with exposure to Tron's native token.

The fund is structured to buy and hold TRX while locking most of those holdings into Tron's proof-of-stake system to earn staking rewards.

Justin Sun, founder of Tron, says the launch reflects growing recognition of the network as infrastructure for the global digital economy and creates a new route for institutional investors to access activity already taking place on the blockchain at scale.

The TRXS fund launches amid strong inflows into spot Bitcoin and ether ETFs and broader crypto strength, with Bitcoin near $79,700.