First Tron-Linked Staked ETF Set to Begin Trading in U.S. on Wednesday

The first staked exchange-traded fund linked to Tron will begin trading in the U.S. market on Wednesday. According to ChainCatcher, Canary Capital’s Canary Staked TRX ETF will list under the ticker TRXS and give investors exposure to TRX through traditional markets. The fund also includes the potential to earn additional TRX through the network’s proof-of-stake mechanism, with staking rewards reflected in the fund’s net asset value. Tron founder Justin Sun said the launch shows growing recognition of Tron’s role as key infrastructure for the global digital economy. Canary Capital CEO Steven McClurg said Tron has become key infrastructure for digital asset payments and settlement as stablecoin adoption continues to grow globally. Over the past year, Canary Capital has launched several crypto ETFs, including products tracking HBAR, Litecoin, and XRP. The Block price data shows TRX has a market value of about $32.1 billion, making it the eighth-largest cryptocurrency.