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News

Canary Capital Submits TRX Staking ETF Application to SEC

2 mins mins
Key Points:
  • Canary Capital submits TRX ETF application to SEC; expands crypto products.
  • Plans include Pengu and Sui ETFs.
  • TRX staking ETF would yield 4.5% annually, pending approval.

Canary Capital has submitted a registration application to the U.S. Securities and Exchange Commission for the Canary Staked TRX ETF. This submission was filed on Friday, with additional ETF plans for Pengu, Sui, and Litecoin.

The potential approval of this ETF marks a shift in U.S. crypto ETFs, integrating staking as a new feature. Approval could pave the way for innovative staking-enabled ETFs, enhancing investor opportunities.

TRON’s Market Dynamics Amid Staking ETF News

Canary Capital has formally applied for a TRX-based ETF with staking features. This application marks an effort to secure early positioning within the nascent U.S. crypto ETF space. The filing includes several staking and holding features, unlike traditional ETFs. BitGo Trust Company supports as custodian, while CSC Delaware Trust acts as trustee.

Key market figures and governing bodies remain silent on the filing. Institutional interest is evident from the proposed staking approach. Major stakeholders have yet to publicly comment via official channels.

Quote: “Canary Capital is positioned as a significant player in the U.S. crypto ETF market, particularly with its unique feature of staking TRX (Tron).”

Market Insights and Future Prospects

Did you know? Canary Capital’s innovative staking approach for ETFs may lead to increased U.S. efforts in combining financial products with staking rewards, impacting future industry regulations.

TRON (TRX) is experiencing modest market fluctuations, with a current price of $0.25 and a fully diluted market cap of $23.29 billion. Trading volumes recently decreased by 37.85%, reaching $406 million over 24 hours. TRX’s market dominance stands at 0.87%, according to CoinMarketCap.

tron-daily-chart-9
TRON(TRX), daily chart, screenshot on CoinMarketCap at 15:08 UTC on April 20, 2025. Source: CoinMarketCap

Insights from Coincu research team suggest that the approval of staking ETFs may propel technological prospects for digital financial assets. As institutions use blockchain for earnings, demand for staking in ETFs of TRON and similar assets might increase.

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Avatar of John Kojo Kumi

John Kojo Kumi

20 April 2025, 15:11:05 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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