The first U.S. spot TRON staking ETF launched today, introduced by Canary Capital.

BlockBeats News, September 10 — The first US-listed staking ETF tied to TRON (TRX) began trading on September 9 under the ticker TRXS, launched by Canary Capital.

The ETF not only provides exposure to TRX price movements but also participates in the TRON network's staking mechanism, with staking rewards credited to the fund's net asset value, offering traditional market investors a new channel to access TRX and staking yields.

Canary Capital stated that as stablecoins continue to gain global adoption, TRON has become key infrastructure for digital asset payments and settlements. The TRON network, with its low costs and high efficiency, is widely used for stablecoin transfers. Over the past year, Canary Capital has launched multiple crypto ETFs covering assets such as HBAR, Litecoin, and XRP.