Canary Capital has filed for a U.S. spot ETF that tracks the price of Tron’s TRX token. The proposed Canary Staked TRX ETF would incorporate staking through third-party providers. BitGo will serve as the custodian for the assets. The fund’s pricing will be based on CoinDesk Indices calculations. The management fee and ticker symbol for the ETF have not yet been disclosed. Previously, issuers removed staking features from their spot Ethereum ETF applications to gain SEC approval. However, with the new SEC leadership, 80% of issuers are hopeful about adding staking to their funds. The SEC recently postponed a decision on Grayscale’s request to include staking in their Ethereum Trust ETFs.
recklessKitten.apt
@UzorObinna4
路
5h Finally something interesting to see TRX ETF approval is on the way, Canary Capital Group LLC has filled for a TRX ETF approval by the sec. Are you still watching on the sidelines? Go bag some $TRX before we take off.
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@sunpumpmeme
@justinsuntron
@trondao
#TRONEcoStar
CryptoVerse Expert
@CrypVerseExpert
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2h Canary Capital just filed for a staked Tron ETF with the SEC, joining other altcoin #ETF bids like #XRP, Sui, and DOT.With new crypto-friendly leadership at the #SEC, hopes rise for approvals by mid-2025. Let鈥檚 see what鈥檚 next!
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