Canary Capital is planning to introduce the first TRX ETF in the United States that will focus on staking.

Canary Capital has put forth a proposal to the United States Securities and Exchange Commission (SEC) to introduce the Canary Staked TRX ETF, which would provide investors with both price exposure and staking rewards. The ETF intends to stake assets via third-party providers while utilizing BitGo Trust for custody services. This product is intended for investors seeking direct exposure to the TRON (TRX) token’s price while benefiting from staking returns. Picture having an ETF that tracks market prices and simultaneously produces passive income through staking. This idea is introduced by Canary. The ETF is intended to employ BitGo Trust Company for custodial services and will use price information from CoinDesk Indices to determine its net asset value. Conversely, certain TRX assets within this ETF will be staked via an external staking service. It’s not only about saving; it’s also about working. JUST IN: Canary files for the staked $TRX ETF. — Whale Insider (@WhaleInsider) on April 18, 2025. TRON Advances with Practical Applications and Expansion. What adds to the intrigue of this proposal is that TRON, the network hosting TRX, is showing strong performance.