On Friday, Canary filed an S-1 prospectus with the U.S. SEC, seeking approval for the first-ever spot Tron ETF.
This Tron ETF would also allow staking, offering investors a chance to earn additional yield with their holdings.
What Makes the Canary Staked TRX ETF Different?
The Canary Staked TRX ETF aims to provide exposure to TRX. While the core objective of the ETF is to track the price of Tron tokens, it also brings a unique feature: Staking. Staking allows holders of Tron to lock up their tokens in the blockchain network to help secure the network and, in return, earn rewards.
This extra yield could appeal to investors looking for a passive income stream, as they would not only benefit from the potential price appreciation of Tron. Also, to gain staking rewards. The ETF could open doors for both retail and institutional investors who want to diversify their portfolios and earn additional returns without the technical complexity of staking on their own.
Finally seeing something that makes sense on the SEC website — TRX ETF LFG!!! https://t.co/DQlI35izRV
— H.E. Justin Sun 🍌 (@justinsuntron) April 19, 2025
In today’s environment, where Bitcoin ETFs are getting closer to approval, Canary’s initiative represents a step forward for more altcoins to gain mainstream exposure. As the first Tron ETF to include staking, it could attract a whole new group of investors looking for ways to participate in the growing DeFi ecosystem.
More About Tron
The TRON network has achieved a significant milestone, with the number of addresses holding a balance surpassing 130 million as of April 16, 2025, according to data from IntoTheBlock. This growth reflects a substantial increase in user adoption and engagement within the TRON ecosystem.
The total number of @trondao addresses with a balance surpassed 130 million this week! pic.twitter.com/Cp8jEmQOcK
— IntoTheBlock (@intotheblock) April 16, 2025
The rise in active addresses is accompanied by heightened trading activity; for instance, the TRX/USDT trading pair on Huobi experienced a 10% increase in volume, reaching 45 million USDT. Such developments indicate a strengthening of TRON’s position in the cryptocurrency market, potentially leading to increased liquidity and stability for TRX
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