The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a proposal from Canary Capital for a staked TRX exchange-traded fund (ETF)
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a proposal from Canary Capital for a staked TRX exchange-traded fund (ETF), marking a key step for the Tron token as it seeks to enter the institutional investment sphere.
The Commission is reviewing a 19b-4 filing submitted by the Cboe BZX Exchange, which aims to list the fund, according to a notice published Thursday. The SEC is now inviting public comments on the proposal.
“The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons,” the SEC wrote.
This filing is part of Canary's broader ETF strategy. The firm previously filed for staked ETFs tied to Sui (SUI), Hedera (HBAR), and Litecoin (LTC), aiming to bring more altcoins into regulated financial products. Bitgo is listed as the fund custodian for the TRX ETF.
If approved, the TRX ETF would be among the first ETFs to provide exposure to staking yields—offering investors both price exposure and potential on-chain rewards, within a traditional investment wrapper.
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