Canary Capital Applies to Launch TRX ETF with Staking Feature

2025-04-19 08:47

BlockBeats News, April 19th, according to Coindesk, Canary Capital is seeking to launch an ETF to track the price of Tron's native token TRX. The hedge fund filed the S-1 form for the Canary Staked TRX ETF with the U.S. Securities and Exchange Commission (SEC) last Friday. The proposed fund will use a third-party provider for staking, with BitGo as the custodian, and pricing data sourced from CoinDesk Indices.

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Canary Capital Applies to Launch TRX ETF with Staking Feature

The last time a U.S. president exerted such pressure on the Federal Reserve was in 1971 with Nixon, and two years later the U.S. entered a period of stagflation.

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