金絲雀資本的固定trx ETF獲得了牽引力

美國證券交易委員會（SEC）已正式確認了Canary Capital提交的固定TRX ETF的19b-4申請

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a 19b-4 filing for a staked TRX ETF submitted by Canary Capital via the Cboe BZX Exchange. This marks a rare move forward amid a wave of crypto ETF delays. While the staked TRX ETF shows progress, the SEC postponed decisions on multiple high-profile proposals, including Bitwise and CoinShares’ XRP ETFs, Fidelity’s in-kind Bitcoin ETF, and a separate Litecoin ETF. ETF analyst James Seyffart noted that these delays are expected and part of the SEC’s usual pattern of taking full review time.

美國證券交易委員會（SEC）已正式確認了Canary Capital通過CBOE BZX Exchange提交的固定TRX ETF的19b-4申請。這標誌著一波加密ETF延遲，這是一個罕見的前進。雖然將湯匙ETF顯示出進展，但SEC推遲了對多個備受矚目的建議的決定，包括位和Coinshares的XRP ETF，Fidelity的現代比特幣ETF以及一個單獨的litecoin etf。 ETF分析師詹姆斯·塞法特（James Seyffart）指出，這些延誤是預期的，也是SEC的一部分時間，即花費完整的審查時間。

Canary Capital’s Staked TRX ETF Fills Spot Among Piles of Filings

金絲雀Capital的固定trx ETF填充了很多文件

On Thursday, the commission announced proposals for a new ETF focused on Commodity-Based Trust Shares. Among the filings, Cboe BZX Exchange’s proposal to list and trade the Canary Staked TRX ETF was highlighted. This ETF, backed by staked TRX, aims to integrate staking yield into regulated investment vehicles.

週四，委員會宣布了針對基於商品的信託股份的新ETF提案。在文件中，CBOE BZX Exchange列出和交易金絲雀TRX ETF的提議被強調。這款ETF在湯匙的支持下，旨在將樁收益率整合到受監管的投資工具中。

Tron (TRX), founded by Justin Sun, currently holds a $26 billion market cap, ranking it as the tenth-largest cryptocurrency. Bitgo serves as the fund custodian for this product.

由賈斯汀·孫（Justin Sun）創立的特隆（TRX）目前擁有260億美元的市值，將其列為第十大加密貨幣。 Bitgo是該產品的基金保管人。

Canary has also filed ETFs covering altcoins like Hedera, Sui, and Litecoin, showcasing its initiative to expand crypto ETF options in the U.S.

Canary還提出了涵蓋Hedera，Sui和Litecoin等山寨幣的ETF，展示了其在美國擴大加密ETF選項的主動性

The SEC’s acknowledgment of the staked TRX ETF signals potential for broader innovation in crypto ETFs. If approved, this ETF would be among the first to embed staking—a core aspect of proof-of-stake networks—into a compliant, regulated fund structure. This could clear the way for other crypto assets utilizing staking mechanisms to enter the ETF space, merging yield generation with accessibility for traditional investors.

SEC對加密ETF中更廣泛創新的固定TRX ETF信號的承認。如果獲得批准，則該ETF將是最早嵌入Staking的人之一，即證明網絡的核心方面 - 構成了合規，受監管的基金結構。這可以為使用Staking機制進入ETF空間，將產量的產生與傳統投資者的可訪問性合併，從而為其他加密資產提供了道路。

But Several Major Crypto ETF Filings Face Expected Delays

但是幾個主要的加密ETF文件面對預期的延遲

The Securities and Exchange Commission has deferred making decisions on several major crypto ETF filings.

美國證券交易委員會已推遲對幾個主要加密ETF文件做出決定。

The regulator extended review periods for Bitwise’s and CoinShares’ spot XRP ETF proposals and a Litecoin ETF filing. These filings aim to offer exposure to XRP without direct ownership, appealing to institutional investors seeking regulatory clarity.

監管機構延長了Bitwise和Coinshares的Spot XRP ETF提案和Litecoin ETF申請的審查期。這些文件旨在在沒有直接所有權的情況下向XRP提供接觸，並吸引尋求監管清晰度的機構投資者。

The regulator also extended review periods for Fidelity’s in-kind Bitcoin ETF and a Litecoin ETF proposal. The in-kind structure would allow investors to exchange Bitcoin directly for shares, reducing taxable events and improving efficiency.

該監管機構還延長了Fidelity的實物比特幣ETF和Litecoin ETF提案的審查期。實物結構將使投資者能夠直接將比特幣交換為股票，降低應稅事件並提高效率。

Despite growing institutional demand, the SEC continues to stall these crypto ETF filings, with Seyffart projecting that decisions could stretch into Q4 2025. This signals the agency’s cautious approach even under a more crypto-tolerant administration.

儘管機構需求不斷增長，但SEC仍繼續停止這些加密ETF文件，Seyffart預測決策可能會延伸到第4季度2025年。這表明即使在更容易加密的管理下，該機構的謹慎方法也表明。

These decisions highlight the SEC’s strategy of exhausting review deadlines, which is typical for any type of ETF filing. Though the political environment has shifted slightly, the commission appears to be prioritizing a comprehensive analysis of the filings and the broader implications of crypto ETFs on the U.S. market.

這些決定強調了SEC耗盡審查截止日期的策略，這對於任何類型的ETF備案都是典型的。儘管政治環境略有變化，但委員會似乎在優先考慮對檔案的全面分析以及加密ETF對美國市場的廣泛含義。

The SEC’s actions come as no surprise, considering the implications of approving the first-ever spot Bitcoin ETFs. These ETFs would provide a direct and efficient way for traditional investors to invest in Bitcoin, signaling a significant shift in the U.S. investment landscape.

考慮到批准有史以來第一個斑點比特幣ETF的含義，SEC的行動並不奇怪。這些ETF將為傳統投資者投資比特幣提供直接有效的方式，這表明美國投資格局發生了重大變化。

The SEC’s Role in Shaping the Future of Crypto Investing

SEC在塑造加密貨幣投資的未來中的作用

The SEC’s decisions will have far-reaching consequences for the future of crypto investing in the U.S.

SEC的決定將對加密貨幣投資的未來產生深遠的影響

If the commission approves the first-ever spot Bitcoin ETFs, it will open the door for a wave of new crypto ETFs tracking various coins and sectors within the digital asset industry.

如果委員會批准了有史以來第一個現場比特幣ETF，它將為一波新的加密ETF浪潮打開大門，跟踪數字資產行業中各種硬幣和行業。

However, if the SEC continues to stall or reject these filings, it could hinder the development of the crypto ETF market and limit investment opportunities for traditional investors.

但是，如果SEC繼續失速或拒絕這些文件，則可能會阻礙加密ETF市場的發展，並限制傳統投資者的投資機會。

The SEC is juggling a difficult task of balancing innovation in the financial markets with its duty to protect investors and maintain market stability. As the dust settles on this round of filings, the regulator will need to signal its next steps and how it plans to shape the role of crypto investment products within the U.S. financial system.

SEC正在為金融市場的創新與保護投資者和維持市場穩定的責任達到艱鉅的任務。隨著塵埃落定在這一輪檔案中，監管機構將需要向其下一步發出信號，以及它計劃如何塑造加密投資產品在美國金融系統中的作用。