In a bold move to reshape the altcoin ETF landscape, Canary Capital has submitted a fresh filing with the U.S. Securities and Exchange Commission (SEC), proposing a spot exchange-traded fund (ETF) for Tron (TRX)—this time with an innovative twist: staking rewards.
🧩 A Staking-Enabled TRX ETF
The proposed Canary Staked TRX ETF would not only offer exposure to the price performance of Tron but also allow investors to earn staking rewards. According to the SEC filing submitted Friday, the fund aims to “provide exposure to the price of Tron,” while simultaneously enabling yield generation through staking, a process that allows TRX holders to support the network and earn additional tokens.
This makes the fund potentially the first U.S.-based ETF offering such staking capabilities—a concept that remains a hot-button issue in regulatory circles.
📈 Part of a Larger Altcoin ETF Strategy
Canary Capital, headquartered in Nashville, Tennessee, is aggressively building out its crypto ETF portfolio. The firm has also filed for funds focused on XRP, Solana, Sui, and even Pudgy Penguins, an NFT-based asset.
This wave of filings comes in the wake of a successful ETF era for Bitcoin and Ethereum, which have attracted over $35 billion in net inflows across eleven funds since their approval. As institutional appetite for crypto broadens, the push to include alternative assets like TRX is heating up.
⚖️ The Regulatory Roadblock: Staking
While staking opens up new income streams for investors, it remains a gray area for U.S. regulators. The SEC has yet to approve any ETF that includes staking rewards. Just this week, the agency delayed a decision on whether Grayscale’s proposed Ethereum ETF could include staking, highlighting ongoing hesitations.
Supporters argue that staking enhances product appeal and boosts institutional adoption. Critics, however, see it as an unnecessary risk for investors who may not fully understand the complexities of staking protocols.
🔍 Why Tron?
Tron (TRX) currently holds the ninth spot among global cryptocurrencies with a market cap of $23 billion. Despite a minor 3% dip over the past 24 hours, TRX has surged by 120% over the last year.
Operating on its own blockchain, Tron’s mission is to power a decentralized internet where users own and control their data. This vision aligns with broader Web3 trends and makes it a natural candidate for ETF exposure, especially as regulatory clarity improves.
🏛️ Who’s in the ETF Race?
Canary joins the likes of BlackRock, 21Shares, VanEck, and Bitwise, all of whom are seeking SEC approval for ETFs tied to various digital assets, including Solana and XRP, which analysts believe are most likely to be approved next.
✅ Key Takeaways:
- Canary Capital has filed for the first-ever Tron ETF in the U.S. featuring staking rewards.
- The move adds to a growing list of ETF proposals for altcoins.
- The SEC’s approval of staking within ETFs remains a major hurdle.
- Tron’s strong price performance and decentralized mission make it a prime ETF candidate.
Stay tuned as the crypto ETF race evolves—with staking, utility, and innovation taking center stage.
