Canary’s TRXS ETF brings staked TRX to US brokerage accounts

TRX now has a ticker your brokerage app will recognize. Canary Capital launched the Canary Staked TRX ETF, trading as TRXS, on the Cboe BZX Exchange on September 9, 2026. The pitch is regulated market access to TRON’s native token, with staking baked in. It is described as the first US-listed exchange-traded product to offer direct TRX exposure while also collecting staking rewards from the TRON network. How TRXS works The fund holds TRX directly rather than tracking it through derivatives. It then stakes nearly all of its eligible holdings. Under normal conditions, TRXS targets staking approximately 90% of its eligible TRX. The rest presumably sits unstaked, giving the fund some breathing room for day-to-day operations. The rewards do not show up as a separate payout. Instead, they accrue to the fund’s net asset value, so the value of each share grows as staking income piles up. The fee structure TRXS charges an annual sponsor fee of 1.10%. That is the cost of having someone else handle custody, staking, and paperwork. Staking comes with its own cut. Fees on staking rewards are capped at 20%, which means the fund keeps 80% of what it earns from staking. A bell, a founder, and a st...