Canary Capital launches first staked TRON ETF in the US

The Canary Staked TRX ETF has begun its U.S. market debut under the ticker TRXS, giving investors exposure to TRON’s native token while incorporating rewards earned from staking. Summary Canary Capital has launched the first staked TRX ETF under the ticker TRXS, giving investors exposure to TRON through traditional markets. The fund is designed to stake substantially all of its TRX holdings, with retained rewards incorporated into its net asset value. TRON processed $2.1 trillion in USDT transfers during the second quarter as its stablecoin market capitalization reached $89.2 billion. TRXS expands Canary Capital’s crypto ETF lineup, which already includes products tracking XRP, Litecoin and HBAR. According to recent reporting, the Canary Capital product is set to start trading on Wednesday, Sept. 9, as the first staked exchange-traded fund tied to TRON. The fund gives investors a route to TRX (TRX) through traditional brokerage accounts while holding and staking the underlying tokens. TRON founder Justin Sun said the launch gives institutional investors another way to access a network already being used for financial activity. “The launch of the Canary Staked TRX ETF demonstrates t...