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Canary Capital Files For Staked TRX ETF Approval With The SEC To Maximize Yield

  • Canary Capital has filed an application for an ETF that will hold and stake TRX tokens, the native token of the Tron blockchain.
  • The ETF aims to offer exposure to TRX market prices and generate additional yield through staking.
  • The regulatory stance of the SEC on staking crypto in ETFs remains uncertain.
  • The TRX ETF submission follows the trend of alternative cryptocurrency ETFs, despite the regulatory barriers.

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