{"id":127499,"date":"2025-04-18T22:15:28","date_gmt":"2025-04-18T22:15:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127499"},"modified":"2025-04-18T22:15:28","modified_gmt":"2025-04-18T22:15:28","slug":"canary-capital-files-for-staked-trx-etf","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127499","title":{"rendered":"Canary Capital files for staked TRX ETF"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUnited States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network\u2019s native token, TRX (TRX), regulatory filings show.\u00a0<br \/>\nThe fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said.\u00a0<br \/>\nAccording to CoinMarketCap, the TRX token has a total market capitalization of more than $22 billion.\u00a0Staking TRX generates an annualized yield of approximately 4.5%, data from Stakingrewards.com shows.<br \/>\nThe filing is the latest in an outpouring of submissions aimed at listing ETFs holding alternative cryptocurrencies, or \u201caltcoins.\u201d\u00a0<br \/>\nHowever, Canary\u2019s proposed fund is relatively unique in requesting permission to stake its crypto holdings in its initial application.\u00a0Other US ETFs, such as those holding the Ethereum network\u2019s native token, Ether (ETH), have sought approval for staking only after successfully listing a fund holding the spot token.\u00a0They are still waiting for a regulatory decision.<br \/>\nTron is a proof-of-stake blockchain network founded by Justin Sun, who also owns Rainberry (formerly Bittorrent), the developer of the BitTorrent protocol.\u00a0<br \/>\nIn March 2023, the SEC sued Sun for allegedly fraudulently inflating the prices of the Tron token and BitTorrent\u2019s BTT token.\u00a0<br \/>\nIn February, the SEC and Sun asked the judge overseeing the lawsuit to pause the case to allow the parties to enter into settlement talks.\u00a0<br \/>\nPlatforms for staking TRX. Source: Stakingrewards.comRelated:\u00a0Canary Capital proposes first Sui ETF in US SEC filing<br \/>\nAltcoin ETF season<br \/>\nSince US President Donald Trump took office in January, US regulators have acknowledged dozens of filings for proposed crypto investment products.\u00a0<br \/>\nThey include plans for ETFs holding native layer-1 tokens such as Solana (SOL) as well as memecoins such as Official Trump (TRUMP).\u00a0<br \/>\nSince 2024, Canary has filed for several proposed US crypto ETFs, including funds holding Litecoin\u00a0(LTC), XRP\u00a0(XRP), Hedera\u00a0(HBAR), Axelar\u00a0(AXL), Pengu (PENGU), and Sui (SUI).<br \/>\nSome industry analysts doubt that ETFs holding non-core cryptocurrencies will be embraced by traditional investors.<br \/>\n\u201cMost crypto ETFs will fail to attract AUM and cost issuers money,\u201d crypto researcher Alex Kr\u00fcger\u00a0said\u00a0in a March post on the X platform.<br \/>\nMagazine:\u00a0SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/canary-files-for-staked-trx-etf?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUnited States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network\u2019s native token, TRX (TRX), regulatory filings show.\u00a0 The fund&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127499"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127499"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127499\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127499"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}