Canary Capital has announced the Canary Staked
$TRX TRX ETF… Coming Soon 👀
The fund will provide exposure to
$TRX and stake the
$TRX it holds to generate additional yield, with plans to pass 80% of the staking rewards on to ETF holders.
- Ticker: TRXS
- Sponsor fee: 1.10%/year
- Up to ~90% of assets are expected to be staked
- Custodian: BitGo
- Planned to be listed on Cboe BZX
However, it has not started trading yet, and there is no confirmed launch date. The fund is still awaiting the SEC’s effectiveness of its S-1 registration statement.
If the SEC gives the green light, this could be a major catalyst for
$TRX , as it would give U.S. investors access to TRX through an ETF while also offering staking yield in the same product. 🥳
@TRON DAO @justinsuntron #TGF #TRONGlobalFriends #TRX