Canary Staked TRX ETF USD Price
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About Canary Staked TRX ETF
The Canary Staked TRX ETF is a proposed U.S.-based exchange-traded product filed by Canary Capital that seeks to combine spot exposure to Tron’s native token (TRX) with the benefits of staking rewards. Under its April 2025 S-1 filing, the fund intends to hold actual TRX tokens, custody them via BitGo Trust Company, and source spot-price data from CoinDesk Indices.
Unlike traditional crypto ETFs that merely track price, this proposed ETF would stake at least a portion of its TRX to earn yield, aiming to enhance returns beyond spot price appreciation. Custody, security, and compliance are key components of the structure: BitGo will serve as custodian holding private keys, and the regulatory filing indicates attempts to align staking mechanics with SEC expectations.
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