Canary Capital Seeks Approval for First Spot Tron ETF

Cryptocurrency investment firm Canary Capital has officially filed a request with the U.S. Securities and Exchange Commission (SEC) to launch a spot Tron ETF. This proposed exchange-traded fund, if approved, will track the real-time price of TRX, the native cryptocurrency of the Tron blockchain. The fund’s unique selling point lies in its integration of staking rewards, offering investors passive income alongside exposure to the TRX market price. This could make the ETF more appealing to both individual and institutional investors seeking diversified crypto portfolios with potential income streams.