Popular asset manager Canary Capital has filed for a new exchange-traded fund focused on the Tron blockchain.
This latest move adds to the firm’s expanding push into altcoin ETFs, positioning it among the more aggressive players seeking to capitalize on rising investor interest in tokenized exposure.
The new product, titled the Canary Staked TRX ETF, is designed to provide regulated market access to Tron (TRX) while also capturing staking rewards associated with the network’s proof-of-stake consensus model. While specific listing details remain under wraps, the firm confirmed that the fund’s valuation will be tied to data from Coindesk Indices, ensuring transparent price tracking.
Canary Capital Group LLC will act as the sponsor and manager of the ETF, with CSC Delaware Trust Company tapped as the trustee overseeing its legal structure. According to the firm’s filing, the goal is to offer investors a regulated pathway to both participate in staking and gain price exposure to one of the more active Layer 1 blockchains in the market.
Canary Capital’s latest Tron ETF proposal may still await approval, but its timing underscores a larger narrative: institutional appetite for crypto-backed products isn’t slowing—it’s evolving. And Tron, with its active ecosystem and staking rewards, may be next in line to test investor interest in regulated altcoin exposure.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/canary-capital-targets-tron-with-new-staking-based-etf-filing/