Operating in the field of crypto currency investment management Canary Capitalhas applied to the US Securities and Stock Exchange Commission (SEC) to present a Stock Exchange Investment Fund (ETF) that provides Altcoin Tron’s TRX Coin (ETF). According to the official documents submitted to the SEC, Bitgo Trust Company will undertake the storage service of this product, which is planned to be initiated under the name “Canary Staked TRX ETF .. The Fund aims to provide additional return to investors by involving some assets on the tron network into Stinging.
Target Return with TRx ETF + Staking
Canary Staked TRX ETFnot only monitor the price movement of TRX Coin, but also plans to evaluate some of the fund assets via stinging. According to the information contained in the file presented to the SEC, Fon aims to provide passive return to investors by running some of the TRX Coin through multiple stinging infrastructure providers.
This model aims to attract investors especially focusing on Stinging income. Bitgo Trust Company, which will undertake the storage services of the fund, is known for its structure and corporate security suitable for regulation in the sector. TRX’s market value is currently at the level of 22.9 billion dollars and the ninth in the crypto currency market. Justin Sun The Tron Network, which was established by, has become a preferred platform for decentralized practices (DApp) over the years.
Apart from TRX, Canary Capital is also working on different ETFs based on crypto currencies such as Pengu, Sui, Hedera and Litecoin. On the other hand, XRP and Solana -based ETF applications have been sent to the SEC by different companies.
SEC’s attitude towards crypto currencies is changing
Crypto currency until 2024 ETF SEC, which was quite distant to his applications, was taking cautious steps, especially during the presidency of Gary Gensler. However, in January 2024, this approach began to change with the approval of Spot Ethereum ETFs after Spot Bitcoin ETFs. The approvals came after Grayscale won the case against SEC, and this case was considered an important breaking point in the market.
Donald TrumpAt the beginning of 2025, the presidential seat of SEC’s crypto currency sector in the point of view of softening significance began to be seen more clearly. The regulatory institution began to organize a public currency -oriented round table meetings and withdrew the lawsuits filed against some important companies in the industry. All these developments have increased the interest of investors and fund managers to crypto money ETFs.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
