Investment firm Canary Capital has filed for a staked TRX ETF with the U.S. Securities and Exchange Commission, expanding its growing portfolio of cryptocurrency-focused investment products amid a shifting regulatory landscape.
This latest filing creates new options for crypto investors seeking exposure to TRON’s ecosystem and staking rewards. With newly appointed SEC Chairman Paul Atkins bringing a more supportive regulatory approach to digital assets, Canary’s expanding crypto lineup positions the firm at the forefront of mainstream cryptocurrency adoption.
According to the April 18 S-1 filing, the Canary Staked TRX ETF aims to provide investors exposure to TRON’s native token while also offering staking benefits, potentially setting a new precedent for crypto exchange-traded funds in the U.S.
The filing marks Canary’s seventh crypto-focused ETF application in just over a year, following previous filings for altcoins, including Sui, PENGU, Litecoin, XRP and HBAR.
TRON is a user-friendly blockchain platform designed for building decentralized applications with lower fees and faster transaction times than competitors like Ethereum. According to CoinMarketCap, the network processes over 2,500 transactions per second and hosts one of the largest DeFi ecosystems in crypto.
Originally launched in 2017 by entrepreneur Justin Sun, TRON was created to provide content creators direct ownership rights to digital content and better compensation for their work by eliminating intermediaries.
TRX, the network’s native token, currently trading around $0.25, is down 2.1% over the past week, according to CoinMarketCap data. The token functions as both a utility token within the TRON ecosystem and as a governance token, allowing holders to participate in network decisions.
The regulatory environment for crypto may soon change, as Paul Atkins was sworn in as SEC Chairman Monday, just days after Canary’s filing. Atkins, a former SEC commissioner from 2002 to 2008, is known for his business-friendly regulatory stance and advocacy for clearer digital asset regulations.
