The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a proposal from Canary Capital for a staked TRX exchange-traded fund (ETF), marking a notable milestone for the Tron blockchain’s native token as it seeks to enter the institutional investment arena.
In a notice published Thursday, the SEC confirmed it is reviewing a 19b-4 filing submitted by the Cboe BZX Exchange, which aims to list the fund. The Commission stated it is now soliciting public comments on the proposal.
“The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons,” the SEC wrote.
This filing is part of Canary Capital’s broader ETF strategy. The firm previously filed for staked ETFs tied to Sui (SUI), Hedera (HBAR), and Litecoin (LTC), aiming to bring more altcoins into regulated financial products. Bitgo is listed as the fund custodian for the TRX ETF.
If approved, the TRX ETF would be among the first ETFs to provide exposure to staking yields—offering investors both price exposure and potential on-chain rewards, within a traditional investment wrapper.
TRX, which powers the Tron blockchain founded by Justin Sun in 2017, currently boasts a market capitalization of $26 billion, making it the 10th-largest cryptocurrency.
While the SEC has delayed decisions on several other crypto ETFs, the acknowledgment of Canary’s TRX proposal is a small but meaningful step forward. It highlights growing institutional interest in altcoin-based and staking-enabled ETFs, as regulatory frameworks around digital assets continue to evolve.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/sec-acknowledges-filing-for-staked-trx-etf-by-canary-capital/