固定TRX ETF的金丝雀资本档案

Canary Capital已正式向美国证券交易委员会（SEC）提交了S-1申请，以提供拟议的交易所交易基金（ETF）

Canary Capital has submitted an S-1 filing with the SEC for a proposed exchange-traded fund that would track the spot price of Tron’s native token, TRX, and use a portion of the fund to be staked in order to generate additional yield.

Canary Capital已向SEC提交了S-1备案，该文件将对拟议的交易所交易基金提交，该基金将跟踪Tron的本地令牌，TRX的现货价格，并使用该基金的一部分被放置，以产生额外的收益。

The firm is applying to list the fund, named Canary Staked TRX ETF, on the Nasdaq Stock Exchange. It would be the first ETF in the US to provide exposure to TRX.

该公司正在申请在纳斯达克证券交易所上列出该基金，名为Canary Staked TRX ETF。这将是美国第一个提供TRX的ETF。

Canary Capital is applying to list the fund, named Canary Staked TRX ETF, on the Nasdaq Stock Exchange. It would be the first ETF in the US to provide exposure to TRX.

Canary Capital申请在纳斯达克证券交易所上列出该基金，名为Canary Staked TRX ETF。这将是美国第一个提供TRX的ETF。

The new fund will hold actual TRX tokens and a portion of the fund will be staked with third-party providers, according to the filing.

该文件显示，新基金将拥有实际的TRX代币，一部分基金将与第三方提供商一起放置。

It is also being disclosed that BitGo Trust Company will be the custodian for the fund and will have private key control.

还透露，Bitgo信托公司将成为该基金的托管人，并将拥有私钥控制。

The ETF will seek to reflect the price of TRX based on the CoinDesk Indices, less any applicable fees and expenses.

ETF将寻求根据Coindesk指数来反映TRX的价格，而少于任何适用的费用和费用。

It is part of Canary Capital’s broader strategy to expand its crypto ETF offerings amid a growing regulatory interest in alternative digital assets. The proposed fund’s management fee and ticker symbol have yet to be disclosed.

它是Canary Capital在替代数字资产中越来越多的监管兴趣中扩大其加密ETF产品的更广泛战略的一部分。拟议的基金的管理费和股票符号尚未披露。

What Is Different About This Filing?

该文件有何不同？

One notable aspect of the Canary Staked TRX ETF is its inclusion of staking in the initial proposal.

金丝雀TRX ETF的一个值得注意的方面是将其包含在最初的建议中。

While other applicants, particularly for Ethereum-based ETFs, initially included staking in their filings, many later removed it in amended versions to align with SEC expectations. Those ETFs are still awaiting regulatory approval.

虽然其他申请人，特别是对于基于以太坊的ETF，最初包括在他们的备案中存放，但后来许多申请人将其删除，以与SEC的期望保持一致。这些ETF仍在等待监管批准。

Holders of TRX can choose to stake their tokens to earn annual rewards, which is currently around 4.5%, according to StakingRewards.com. They essentially lock up their tokens to contribute to the blockchain’s proof-of-stake consensus mechanism.

根据StakingRewards.com的数据，TRX的持有人可以选择将其代币赚取年度奖励，目前约为4.5％。他们从本质上锁定了代币，以促进区块链的证明共识机制。

The ETF aims to integrate this feature to enhance investor returns while fully complying with regulatory guidelines.

ETF旨在集成此功能，以增强投资者的回报，同时完全遵守监管指南。

The filing specifies that staking services will be provided by trusted third parties, although the names of the platforms to be used have not yet been disclosed. BitGo will be the primary custodian, ensuring the safety and efficient management of the assets.

该文件指定，尽管尚未披露要使用的平台的名称，但信任的第三方将提供Staging Services。 Bitgo将是主要的托管人，以确保资产的安全和有效管理。

The ETF structure is designed to simplify TRX investment access for traditional market participants.

ETF结构旨在简化传统市场参与者的TRX投资访问。

Part Of A Broader Crypto ETF Strategy

更广泛的加密ETF策略的一部分

Canary Capital’s application for a TRX-focused ETF follows its broader plan to introduce multiple digital asset ETFs in the US.

Canary Capital对以TRX为重点的ETF的应用遵循其更广泛的计划，在美国引入多个数字资产ETF。

The Nashville-based asset manager is targeting a wide range of cryptocurrencies for future products, including Sui (SUI), Solana (SOL), XRP, Litecoin (LTC), Hedera (HBAR), and Axelar (AXL).

总部位于纳什维尔的资产经理针对未来产品的广泛加密货币，包括SUI（SUI），Solana（Sol），XRP，Litecoin（LTC），Hedera（HBAR）和Axelar（Axelar）（AXL）。

The recent influx of altcoin ETF applications follows the successful launch of Bitcoin and Ethereum ETFs earlier this year.

AltCoin ETF应用程序最近的涌入次数是在今年早些时候成功推出了比特币和以太坊ETF。

These filings come as the SEC faces increasing pressure to approve more crypto ETFs.

这些文件是随着SEC面对批准更多加密ETF的越来越大的压力。

The 11 US-listed spot Bitcoin ETFs have collectively attracted over $35 billion in net inflows over the past 15 months, highlighting the strong institutional demand for crypto investment products.

在过去的15个月中，这11个美国上市的比特币ETF集体吸引了超过350亿美元的净流入，强调了对加密投资产品的强劲机构需求。

Although there are still regulatory hurdles to overcome, such as the SEC’s stance on staking and the reporting requirements for crypto ETFs, asset managers like Canary Capital are actively expanding their offerings to cater to the evolving needs of investors.

尽管仍有监管障碍要克服，例如SEC对股权的立场以及对加密ETF的报告要求，金丝雀资本等资产经理正在积极扩展其产品，以满足投资者不断发展的需求。

As the crypto industry continues to mature and intersect with the traditional finance sector, we can expect to see further innovation and activity in the development of novel investment products like these.

随着加密货币行业继续成熟并与传统的金融部门相交，我们可以期望看到这种新型投资产品的发展和活动。