Canary Capital Targets Tron With New Staking-Based ETF Filing
This latest move adds to the firms expanding push into altcoin ETFs, positioning it among the more aggressive players seeking to capitalize on rising investor interest in tokenized exposure.
The new product, titled the Canary Staked TRX ETF, is designed to provide regulated market access to Tron (TRX) while also capturing staking rewards associated with the networks proof-of-stake consensus model. While specific listing details remain under wraps, the firm confirmed that the funds valuation will be tied to data from Coindesk Indices, ensuring transparent price tracking.
Canary Capital Group LLC will act as the sponsor and manager of the ETF, with CSC Delaware Trust Company tapped as the trustee overseeing its legal structure. According to the firms filing, the goal is to offer investors a regulated pathway to both participate in staking and gain price exposure to one of the more active Layer 1 blockchains in the market.
Canary Capitals latest Tron ETF proposal may still await approval, but its timing underscores a larger narrative: institutional appetite for crypto-backed products isnt slowingits evolving. And Tron, with its active ecosystem and staking rewards, may be next in line to test investor interest in regulated altcoin exposure.
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Text source: Coindoo
