Canary Capital Submits Filing for TRX ETF with Staking Feature
Canary Capital plans to launch an ETF tracking the price of TRX, as per a filing with the SEC.
- The fund, named Canary Staked TRX ETF, submitted a Form S-1 for approval.
- If approved, it will stake parts of its holdings via third-party providers, with BitGo as custodian.
- The ETF will track TRX’s spot price using CoinDesk Indices calculations.
- No proposed ticker or management fee details have been disclosed yet.
- Issuers previously removed staking features from ETH ETFs to gain SEC approval.
- Current SEC Chair Paul Atkins has raised hopes for reinstating staking in future filings.
- A decision on Grayscale's request for staking in their Ethereum Trust ETFs was recently postponed.