In a positive sign for crypto investment products, the SEC has acknowledged Canary Capital’s proposal for a staked Tron (TRX) ETF and called for market participants to weigh in.
The filing, routed through Cboe BZX Exchange, would allow investors to gain exposure to staked TRX rewards. Canary Capital—which also plans ETFs for Sui, Hedera, and Litecoin—tapped BitGo as custodian for the fund.
TRX, the native token of Justin Sun’s Tron network, ranks among the top 10 cryptocurrencies by market cap ($26B). The SEC’s engagement suggests growing openness to innovative crypto-based financial products.
