SEC Acknowledges Staked Tron ETF Filing from Cboe BZX Exchange
The US Securities and Exchange Commission (SEC) has acknowledged the 19b-4 filing by Cboe BZX Exchange for a staked Tron (TRX) ETF proposed by Canary Capital. This is part of ongoing evaluations of altcoin-based ETFs in the US.
- Canary Capital submitted its registration in April, with Bitgo as custodian.
- Current TRX trading price is $0.274, consolidating within the $0.20-$0.25 range since late 2024.
- Recent Buy/Sell Pressure Delta indicates a shift back into a buying zone for TRX.
- Trader Crypto NL predicts TRX could reach $0.60 in an upcoming bull run.
- Analyst Javon Marks suggests a potential price target of $1.11, indicating a +400% rally from current levels.
TRX Price Outlook
- RSI around 66 indicates moderate bullish momentum with potential for further upside.
- Bollinger Bands widening suggests early breakout stages; support at $0.26.
- MACD crossed above the signal line, indicating building momentum; nearest resistance at $0.30.