Just saw Canary’s staking-based TRX spot ETF (code TRXS) on Cboe’s opening performance sheet: on the first trading day with tracked fund flows, net inflow was 0, and secondary-market trading volume was only about $16,700. The seed capital isn’t small though—net assets around $50.38 million, holdings around 148 million TRX—basically the issuer’s base position, not retail rushing in. Compared with its own XRP ETF, which saw about $245 million in inflows on day one, the TRX track is much colder; the fee is 1.10%, and you still have to wait to see whether actual creation happens later. $TRX #ETF #TRON