Wednesday, July 30, 2025
No Result
View All Result
The Financial Observer
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis
No Result
View All Result
The Financial Observer
No Result
View All Result
Home Cryptocurrency

Canary files for TRON spot ETF with staking feature

Canary files for TRON spot ETF with staking feature
Share on FacebookShare on Twitter


Key Takeaways

Canary Capital filed for the primary US-listed ETF for Tron TRX incorporating staking options.
The ETF goals to simplify TRX funding for conventional traders by monitoring its spot value and providing staking rewards.

Share this text

Canary Capital has submitted an utility for the primary US-listed ETF targeted on Tron’s TRX token that would come with the staking characteristic, based on a brand new SEC submitting.

The proposed fund, referred to as the Canary Staked TRX ETF, plans to trace TRX’s spot value utilizing CoinDesk Indices calculations, minus bills. BitGo Belief Firm will present custody providers for TRX holdings.

As famous within the submitting, the fund would stake parts of its TRX holdings via third-party suppliers to earn staking rewards, with BitGo sustaining management of personal keys. The ETF construction goals to simplify TRX funding for conventional traders.

The administration payment charge and ticker image haven’t but been introduced.

TRX operates on the Tron blockchain, which launched in 2017 and makes use of a delegated proof-of-stake mannequin able to processing as much as 2,000 transactions per second, per the submitting. The community focuses on content material sharing, gaming, and DeFi functions.

On the time of writing, TRX traded at round $0.24, up barely after the ETF submitting surfaced, based on information from CoinGecko.

Canary Capital is actively pursuing the launch of a number of crypto ETFs within the US, capitalizing on the newly established pro-crypto, pro-innovation regulatory and legislative surroundings beneath the brand new administration.

The asset administration agency additionally lodged an S-1 utility for the first-ever US ETF monitoring the spot value of Sui (SUI).

Past TRX and SUI, Canary is in search of the SEC nod to supply ETFs monitoring a number of different crypto property, akin to Solana (SOL), Litecoin (LTC), XRP, Hedera (HBAR), and Axelar (AXL). The agency additionally filed for a pioneering ETF tied to the Pudgy Penguins NFT assortment.

Share this text

Follow on Google News



Source link

Tags: CanaryETFFeaturefilesspotStakingTRON
Previous Post

SafeMoon’s Former CEO Faces Fraud Charges as DOJ Maintains Case

Next Post

Total cannabis sales in Arizona fall for second straight year

Related Posts

BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins
Cryptocurrency

BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins

July 30, 2025
XRP Open Interest Drops By .4B After Recent Selloff
Cryptocurrency

XRP Open Interest Drops By $2.4B After Recent Selloff

July 29, 2025
Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX
Cryptocurrency

Coinbase in advanced talks to acquire India’s largest crypto exchange CoinDCX

July 29, 2025
ETH Nears K After SharpLink Buy, Metaplanet Adds More BTC
Cryptocurrency

ETH Nears $4K After SharpLink Buy, Metaplanet Adds More BTC

July 29, 2025
Shiba Inu Team Unveils New Developer Hub Updates — Here’s The 411
Cryptocurrency

Shiba Inu Team Unveils New Developer Hub Updates — Here’s The 411

July 28, 2025
‘Sit Tight With Bitcoin’ Robert Kiyosaki Predicts Great Depression 2.0
Cryptocurrency

‘Sit Tight With Bitcoin’ Robert Kiyosaki Predicts Great Depression 2.0

July 28, 2025
Next Post
Total cannabis sales in Arizona fall for second straight year

Total cannabis sales in Arizona fall for second straight year

XRP Price Holds .08 Amid Derivatives Surge and Liquidation Risks

XRP Price Holds $2.08 Amid Derivatives Surge and Liquidation Risks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Guide to Connecting With Delta Customer Service: Quick Fast & Simple Help

Guide to Connecting With Delta Customer Service: Quick Fast & Simple Help

February 27, 2025
Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning

Buyers Beware: 7 Red Flags That Signal a Private Market Reckoning

July 3, 2025
Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)

Listen to This BEFORE Buying a Rental with Tenants (Rookie Reply)

July 5, 2025
EUME: The Future of EU Metaverse Transactions & Its Market Value Ahead of Exchange Listing

EUME: The Future of EU Metaverse Transactions & Its Market Value Ahead of Exchange Listing

February 22, 2025
Air India Plane Crash: ‘We cannot say anything definite at this point,’ says Minister Murlidhar Mohol on AAIB’s preliminary report

Air India Plane Crash: ‘We cannot say anything definite at this point,’ says Minister Murlidhar Mohol on AAIB’s preliminary report

July 12, 2025
Spot Curve-Fitted EAs Fast — 3 Tests to Avoid Over-Optimisation Disaster – My Trading – 13 July 2025

Spot Curve-Fitted EAs Fast — 3 Tests to Avoid Over-Optimisation Disaster – My Trading – 13 July 2025

July 13, 2025
BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins

BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins

July 30, 2025
XRP Open Interest Drops By .4B After Recent Selloff

XRP Open Interest Drops By $2.4B After Recent Selloff

July 29, 2025
U.S. SEC Eases Rules for Bitcoin, Ether Funds in Shift From Cash-Only Model

U.S. SEC Eases Rules for Bitcoin, Ether Funds in Shift From Cash-Only Model

July 30, 2025
Ghislaine Maxwell holds out for immunity in exchange for testimony to Congress

Ghislaine Maxwell holds out for immunity in exchange for testimony to Congress

July 30, 2025
The Top 10 International Dividend Stocks, Ranked In Order

The Top 10 International Dividend Stocks, Ranked In Order

July 30, 2025
EconLog Price Theory: Fentanyl – Econlib

EconLog Price Theory: Fentanyl – Econlib

July 29, 2025
The Financial Observer

Get the latest financial news, expert analysis, and in-depth reports from The Financial Observer. Stay ahead in the world of finance with up-to-date trends, market insights, and more.

Categories

  • Business
  • Cryptocurrency
  • Economy
  • Fintech
  • Forex
  • Investing
  • Market Analysis
  • Markets
  • Personal Finance
  • Real Estate
  • Startups
  • Stock Market
  • Uncategorized

Latest Posts

  • BlackRock Analysts Predict Major Bitcoin Surge As US Legislation Strengthens Stablecoins
  • XRP Open Interest Drops By $2.4B After Recent Selloff
  • U.S. SEC Eases Rules for Bitcoin, Ether Funds in Shift From Cash-Only Model
  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2025 The Financial Observer.
The Financial Observer is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Business
  • Economy
  • Stocks
  • Markets
  • Investing
  • Crypto
  • PF
  • Startups
  • Forex
  • Fintech
  • Real Estate
  • Analysis

Copyright © 2025 The Financial Observer.
The Financial Observer is not responsible for the content of external sites.