Canary Capital plans Tron ETF with staking capabilities, pending SEC approval.

From Yahoo Finance: 2025-04-18 17:07:00

Canary Capital plans to launch an ETF tracking Tron’s TRX token, filing a Form S-1 with the SEC. If approved, the fund will stake portions of its holdings through third-party providers like BitGo. The ETF will track TRX’s spot price using CoinDesk Indices calculations, with ticker and fee details pending.

Initial applications for spot ethereum ETFs with staking features were removed by issuers to gain SEC approval. Formerly against staking, the SEC may allow it under Chair Paul Atkins. The Grayscale Ethereum Trust ETF and Ethereum Mini Trust ETF decision on staking was recently postponed by the regulator.

Read more: Canary Capital Files for Tron ETF With Staking Capabilities