Canary Capital Applies to Launch TRX ETF with Staking Feature

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.