🚨Major developments for TRON
In the U.S., “Canary Staked TRX ETF (TRXS)” has been listed on Cboe 🇺🇸
In addition to providing exposure to the price of TRX, TRXS is designed to reflect staking rewards from the TRON network into the fund’s NAV.
That means that, besides people who have previously held and staked TRX using wallets, there is now a new path to gain exposure to TRX through a brokerage account.
Moreover, the staking rewards are not paid directly to investors as dividends—instead, they are incorporated into the NAV.
As of September 21, net assets were approximately $51.58 million, and the sponsor fee is 1.10% annually. About 90% is eligible for staking. (Canary Capital)
Personally, I want to focus on the fact that this is not just a “TRX ETF.” It’s the way TRXS incorporates TRX’s price + the network’s staking feature into a listed product.
I think this is news showing that TRON is expanding its points of contact not only within the crypto asset market, but also with traditional financial markets.
Going forward, we’ll also be watching fund inflows, trading volume, and how TRXS will affect the TRX market. 🔥
#TRONGlobalFriends #TGF #TRON
@Justin Sun孙宇晨 @TRON DAO
In the U.S., “Canary Staked TRX ETF (TRXS)” has been listed on Cboe 🇺🇸
In addition to providing exposure to the price of TRX, TRXS is designed to reflect staking rewards from the TRON network into the fund’s NAV.
That means that, besides people who have previously held and staked TRX using wallets, there is now a new path to gain exposure to TRX through a brokerage account.
Moreover, the staking rewards are not paid directly to investors as dividends—instead, they are incorporated into the NAV.
As of September 21, net assets were approximately $51.58 million, and the sponsor fee is 1.10% annually. About 90% is eligible for staking. (Canary Capital)
Personally, I want to focus on the fact that this is not just a “TRX ETF.” It’s the way TRXS incorporates TRX’s price + the network’s staking feature into a listed product.
I think this is news showing that TRON is expanding its points of contact not only within the crypto asset market, but also with traditional financial markets.
Going forward, we’ll also be watching fund inflows, trading volume, and how TRXS will affect the TRX market. 🔥
#TRONGlobalFriends #TGF #TRON
@Justin Sun孙宇晨 @TRON DAO
