$TRX now has a new doorway to reach traditional investors
Canary Staked TRX ETF (TRXS) has officially launched, giving investors the ability to access TRX pricing through a traditional brokerage account, instead of having to directly manage wallets and private keys.
What’s special about TRXS is the “Staked” aspect: the fund not only holds TRX to track the asset’s price, but also aims to generate additional TRX by participating in TRON’s Delegated Proof-of-Stake mechanism.
Staking rewards, if any, will be reflected in the fund’s NAV rather than paid directly to ETF shareholders.
TRON is taking another step from the crypto-native world toward the traditional financial system.
With TRXS, an investor doesn’t necessarily need to create their own wallet, store private keys, or directly manage TRX. They can access TRX through a trading product on Cboe, in a structure that’s more familiar to the traditional financial market.
#TRON
Canary Staked TRX ETF (TRXS) has officially launched, giving investors the ability to access TRX pricing through a traditional brokerage account, instead of having to directly manage wallets and private keys.
What’s special about TRXS is the “Staked” aspect: the fund not only holds TRX to track the asset’s price, but also aims to generate additional TRX by participating in TRON’s Delegated Proof-of-Stake mechanism.
Staking rewards, if any, will be reflected in the fund’s NAV rather than paid directly to ETF shareholders.
TRON is taking another step from the crypto-native world toward the traditional financial system.
With TRXS, an investor doesn’t necessarily need to create their own wallet, store private keys, or directly manage TRX. They can access TRX through a trading product on Cboe, in a structure that’s more familiar to the traditional financial market.
#TRON
