Canary Capital Seeks SEC Approval for TRX-Tracking ETF

Hedge fund Canary Capital has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) seeking approval to launch an exchange-traded fund (ETF) focused on Tron’s native token, TRX. The proposed fund will leverage third-party staking providers and BitGo as a custodian while utilizing data from CoinDesk Indices for price determination. This proposal signals Canary Capital’s intention to offer investors exposure to the price of TRX through an ETF.