Justin Sun just confirmed it — Canary Capital's Staked TRON ETF will start trading TODAY Sep 9 on Cboe BZX Exchange under ticker $TRXS. This is not a normal ETF.
Wha makes $TRXS different?
1. First US ETF to hold spot $TRX AND stake it for yield (∼4.5% annually)
2. Custody by BitGo Bank & Trust, staking via Tron PoS network
3. Sponsor fee 1.10%, staking fee capped 20% of rewards
4. Opens regulated route for US brokerage investors — no need to hold crypto directly
The listing was first flagged by Bloomberg ETF analyst Henry Jim, referencing Canary's Aug 19 prospectus amendment. SEC filing 34-103108 confirms listing under BZX Rule 14.11(e)(4).
Price Context:
$TRX trading $0.34 (+0.99% today) inside bullish structure. EMA50 and EMA200 both at $0.33 as concrete support. With TRXS going live, ETF-driven flows could add new demand.
My Take:
This is similar to ETH staking ETFs narrative. When ETH staking became easy, TVL jumped. For TRX, with 4.5% yield, conservative investors might prefer TRXS over holding TRX directly. Short-term: buy the rumor, sell the news risk. Long-term: bullish for Tron adoption.
Levels I'm watching: Break above $0.35 = $0.38 next. Support $0.33 must hold.
What ill you do — buy $TRX spot or wait for $TRXS ETF?
#TRX #Tron #etf #TRXS #Write2Earn
