Canary Capital Proposed for TRX ETF With Staking Capabilities

Canary Capital has officially filed a proposal with the U.S. Securities and Exchange Commission (SEC) for a TRX ETF. It is a financial product that not only tracks the price of TRON (TRX) but also includes staking capabilities. 

Dubbed the Canary Staked TRX ETF, this proposed product aims to marry traditional finance with decentralized rewards, opening the door for mainstream exposure to blockchain staking income. 

But what exactly is this TRX ETF proposal, and why is it significant? Let’s break it down in human terms.

What Is the TRX ETF Proposal?

At its core, the TRX ETF proposal by Canary Capital seeks to launch a spot ETF (exchange-traded fund) that directly holds TRX—the native token of the TRON blockchain. 

But unlike other crypto ETFs that simply track token prices, this fund goes a step further: it plans to stake the TRX it holds, allowing investors to earn passive rewards generated by the TRON network’s staking mechanism.

In simpler terms, investors wouldn’t just bet on TRX price movements—they’d also earn a portion of the blockchain rewards, similar to how crypto users benefit from staking directly through a wallet. However, in this case, the ETF and its infrastructure would handle all the technical backend.

Read also: Can TRX Survive the Bearish Momentum? An Analysis Points Out A New Recovery Sign

Key Players in the TRX ETF Setup

According to the SEC filing submitted on April 18, CSC Delaware Trust will serve as the trustee, overseeing the fund's operations, while BitGo Trust Company is set to act as the custodian, holding the staked TRX assets securely. 

The fund’s official ticker symbol and management fee structure are still under wraps and will likely be revealed in upcoming amendments.

It’s worth noting that Canary Capital is no stranger to filing for crypto-based ETFs. Previously, the firm has submitted proposals for ETFs tied to SUI, Pudgy Penguins (PENGU), Solana (SOL), XRP, and Hedera (HBAR)—showing a clear ambition to diversify investor access across major blockchain ecosystems.

Why This Matters for TRX and the Broader Market

The TRX ETF proposal represents more than just another crypto fund filing. It reflects growing institutional interest in staking-capable assets, especially amid a shifting regulatory landscape in the U.S. 

With a market cap of $22.8 billion and a 24-hour trading volume of approximately $464 million, TRON is already a heavyweight in the crypto world.

The potential for this ETF to go live could significantly boost TRX’s exposure, bringing in fresh capital from investors who were previously on the sidelines due to the complexities of directly engaging with staking protocols.

On the price chart, TRX has already shown bullish signals, forming higher highs and aiming to solidify support near $0.24. 

A consistent close above that level and the 50-day moving average could drive momentum toward $0.30—a level that would likely attract even more interest if the ETF is greenlit.

Read also: Crypto’s Most Wanted: Lazarus Group’s $3.19M Heist on Tron Sparks Global Alarm

TRON’s Expanding Ecosystem

TRON has grown into one of the most active blockchain networks globally. With over $4.9 billion in total value locked (TVL), more than $68 billion in stablecoin market cap, and nearly 2.3 million active addresses in the last 24 hours, its decentralized finance (DeFi) ecosystem is thriving.

The network also generated a daily chain revenue of around $1.82 million, reinforcing its position as a high-performing blockchain. 

With a re-entry into the U.S. market after previous regulatory restrictions, the TRX ETF proposal could further cement TRON’s reputation as a decentralized platform with real-world utility and institutional backing.

Regulatory Landscape: Winds of Change?

Interestingly, this filing arrives just as regulators begin to soften their stance on staking-enabled crypto products. While the previous SEC regime under Gary Gensler was generally resistant to such features in ETFs, optimism has grown under the crypto-friendlier leadership of Paul Atkins.

Just a few days before Canary’s filing, the SEC delayed a decision on Grayscale’s attempt to include staking in its Ethereum ETFs. However, that move didn’t discourage Canary Capital—it instead appears to have motivated the firm to stake its claim on TRON’s growing appeal.

FAQs

What is the TRX ETF?

The TRX ETF, proposed by Canary Capital, is a spot exchange-traded fund that would track the price of TRON (TRX) and offer staking rewards to investors.

Who filed the TRX ETF proposal?

Canary Capital Group filed the proposal with the U.S. Securities and Exchange Commission (SEC) on April 18, 2025.

What makes the Canary Staked TRX ETF different?

Unlike traditional crypto ETFs, this fund includes staking, allowing investors to earn passive income from TRON's blockchain rewards.

Who will manage and secure the fund?

CSC Delaware Trust will act as the trustee, and BitGo Trust Company will serve as the custodian of the staked assets.

When will the TRX ETF be approved?

The SEC has not yet provided a timeline for approval. Further amendments to the proposal are expected in the coming weeks.

How could the TRX ETF affect TRON's price?

The ETF could drive institutional demand for TRX, potentially boosting its price—especially if paired with broader market momentum.

Is staking normally allowed in ETFs?

Not yet, but regulatory attitudes are evolving. Grayscale and other major firms are actively seeking permission to add staking features to their ETF products.