Canary Capital Seeks SEC Approval for TRX Staking ETF

Crypto investment firm Canary Capital has submitted a registration application to the SEC seeking approval for a unique crypto exchange-traded fund (ETF) focused on Tron’s staking rewards. This proposal would offer investors an opportunity to participate in the burgeoning blockchain space while earning passive income through their investments. 4.5% annual yield is expected, pending regulatory review. Canary Capital also plans to launch ETFs based on Pengu and Sui, further diversifying its crypto product line. This move marks a significant step towards integrating staking as a standard feature within U.S. crypto ETFs. Approval could propel innovation in this sector, opening doors for new investment opportunities.