๐๏ธ INSTITUTIONAL MILESTONE: CANARY CAPITAL LAUNCHES FIRST U.S. SPOT STAKED TRX ETF ($TRXS) ๐
As highlighted by Cointelegraph, Canary Capital (@CanaryFunds) has officially launched the Canary Staked TRX ETF (Ticker: TRXS) on the Cboe BZX Exchange. Representing the first U.S. exchange-traded fund to combine spot TRX price exposure with native network staking rewards, $TRXS enables mainstream retail and institutional investors to directly participate in TRONโs Delegated Proof-of-Stake (DPoS) economy through standard brokerage accounts.
Core Structure of the $TRXS Staking Model:
Spot Price Exposure with Active Network Participation: The fund directly holds spot TRX, tracking underlying asset performance while participating in on-chain block validation.
Automated NAV Compounding: Net staking rewards earned from validating the TRON network are reflected directly in the fundโs Net Asset Value (NAV). Investors systematically capture decentralized protocol yield without manual token delegation or claiming processes.
~90% Direct Staking Ratio: Under normal operating conditions, the fund intends to stake approximately 90% of its eligible TRX holdings directly on-chain.
Institutional-Grade Custody & Administration: Underlying spot TRX holdings are secured in cold storage custody by BitGo Bank & Trust, with U.S. Bank overseeing cash custody and fund administration.
Broad Traditional Distribution: Tradable across premier U.S. platformsโincluding Charles Schwab, Fidelity, Vanguard, E*TRADE, Webull, Robinhood, and SoFi.
Connecting Traditional Finance to Real-World Settlement Utility:
The debut of $TRXS on Wall Street connects traditional capital allocators directly with the most active settlement infrastructure in Web3:
The World's Stablecoin Clearinghouse: Underpinned by over $94.27 Billion in circulating USDT (>51% of global market share), processing more than $22 Billion in sustained daily transaction volume.
@TRON DAO @Justin Sunๅญๅฎๆจ #TRONEcoStar
As highlighted by Cointelegraph, Canary Capital (@CanaryFunds) has officially launched the Canary Staked TRX ETF (Ticker: TRXS) on the Cboe BZX Exchange. Representing the first U.S. exchange-traded fund to combine spot TRX price exposure with native network staking rewards, $TRXS enables mainstream retail and institutional investors to directly participate in TRONโs Delegated Proof-of-Stake (DPoS) economy through standard brokerage accounts.
Core Structure of the $TRXS Staking Model:
Spot Price Exposure with Active Network Participation: The fund directly holds spot TRX, tracking underlying asset performance while participating in on-chain block validation.
Automated NAV Compounding: Net staking rewards earned from validating the TRON network are reflected directly in the fundโs Net Asset Value (NAV). Investors systematically capture decentralized protocol yield without manual token delegation or claiming processes.
~90% Direct Staking Ratio: Under normal operating conditions, the fund intends to stake approximately 90% of its eligible TRX holdings directly on-chain.
Institutional-Grade Custody & Administration: Underlying spot TRX holdings are secured in cold storage custody by BitGo Bank & Trust, with U.S. Bank overseeing cash custody and fund administration.
Broad Traditional Distribution: Tradable across premier U.S. platformsโincluding Charles Schwab, Fidelity, Vanguard, E*TRADE, Webull, Robinhood, and SoFi.
Connecting Traditional Finance to Real-World Settlement Utility:
The debut of $TRXS on Wall Street connects traditional capital allocators directly with the most active settlement infrastructure in Web3:
The World's Stablecoin Clearinghouse: Underpinned by over $94.27 Billion in circulating USDT (>51% of global market share), processing more than $22 Billion in sustained daily transaction volume.
@TRON DAO @Justin Sunๅญๅฎๆจ #TRONEcoStar
