金丝雀资本的固定trx ETF获得了牵引力

美国证券交易委员会（SEC）已正式确认了Canary Capital提交的固定TRX ETF的19b-4申请

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.

美国证券交易委员会（SEC）已正式确认了Canary Capital通过CBOE BZX Exchange提交的固定TRX ETF的19b-4申请。这标志着一波加密ETF延迟，这是一个罕见的前进。虽然将汤匙ETF显示出进展，但SEC推迟了对多个备受瞩目的建议的决定，包括位和Coinshares的XRP ETF，Fidelity的现代比特币ETF以及一个单独的litecoin etf。 ETF分析师詹姆斯·塞法特（James Seyffart）指出，这些延误是预期的，也是SEC的一部分时间，即花费完整的审查时间。

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

金丝雀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.

周四，委员会宣布了针对基于商品的信托股份的新ETF提案。在文件中，CBOE BZX Exchange列出和交易金丝雀TRX ETF的提议被强调。这款ETF在汤匙的支持下，旨在将桩收益率整合到受监管的投资工具中。

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.

由贾斯汀·孙（Justin Sun）创立的特隆（TRX）目前拥有260亿美元的市值，将其列为第十大加密货币。 Bitgo是该产品的基金保管人。

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还提出了涵盖Hedera，Sui和Litecoin等山寨币的ETF，展示了其在美国扩大加密ETF选项的主动性

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对加密ETF中更广泛创新的固定TRX ETF信号的承认。如果获得批准，则该ETF将是最早嵌入Staking的人之一，即证明网络的核心方面 - 构成了合规，受监管的基金结构。这可以为使用Staking机制进入ETF空间，将产量的产生与传统投资者的可访问性合并，从而为其他加密资产提供了道路。

But Several Major Crypto ETF Filings Face Expected Delays

但是几个主要的加密ETF文件面对预期的延迟

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

美国证券交易委员会已推迟对几个主要加密ETF文件做出决定。

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.

监管机构延长了Bitwise和Coinshares的Spot XRP ETF提案和Litecoin ETF申请的审查期。这些文件旨在在没有直接所有权的情况下向XRP提供接触，并吸引寻求监管清晰度的机构投资者。

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.

该监管机构还延长了Fidelity的实物比特币ETF和Litecoin ETF提案的审查期。实物结构将使投资者能够直接将比特币交换为股票，降低应税事件并提高效率。

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.

尽管机构需求不断增长，但SEC仍继续停止这些加密ETF文件，Seyffart预测决策可能会延伸到第4季度2025年。这表明即使在更容易加密的管理下，该机构的谨慎方法也表明。

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.

这些决定强调了SEC耗尽审查截止日期的策略，这对于任何类型的ETF备案都是典型的。尽管政治环境略有变化，但委员会似乎在优先考虑对档案的全面分析以及加密ETF对美国市场的广泛含义。

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.

考虑到批准有史以来第一个斑点比特币ETF的含义，SEC的行动并不奇怪。这些ETF将为传统投资者投资比特币提供直接有效的方式，这表明美国投资格局发生了重大变化。

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

SEC在塑造加密货币投资的未来中的作用

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

SEC的决定将对加密货币投资的未来产生深远的影响

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.

如果委员会批准了有史以来第一个现场比特币ETF，它将为一波新的加密ETF浪潮打开大门，跟踪数字资产行业中各种硬币和行业。

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继续失速或拒绝这些文件，则可能会阻碍加密ETF市场的发展，并限制传统投资者的投资机会。

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正在为金融市场的创新与保护投资者和维持市场稳定的责任达到艰巨的任务。随着尘埃落定在这一轮档案中，监管机构将需要向其下一步发出信号，以及它计划如何塑造加密投资产品在美国金融系统中的作用。