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Canary Capital Targets Tron With New Staking-Based ETF Filing

  • Canary Capital plans to launch a new Staking-Based ETF called Canary Staked TRX ETF, targeting Tron (TRX).
  • The ETF will provide regulated market access to Tron and capture staking rewards associated with Tron's proof-of-stake consensus model.
  • Canary Capital Group LLC will act as the sponsor and manager of the ETF, with CSC Delaware Trust Company serving as the trustee.
  • The goal is to offer investors a regulated way to participate in staking and gain exposure to Tron's active Layer 1 blockchain.

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