Canary Capital Launches First US-Listed Staked TRX ETF
On September 9, Canary Capital's staked TRX ETF (ticker: TRXS) began trading on Cboe. This marks the first U.S.-listed exchange-traded fund to combine direct exposure to TRON’s native token with built-in staking rewards. The product allows investors to gain access to TRX without directly holding or managing it, offering a brokerage-based route and integrating staking income into its net asset value (NAV). With Bitcoin trading at $79,150 and up 1.5% in the past day, while TRX is slightly higher by 0.2%, the ETF aims to capture growing interest in blockchain networks beyond just digital assets. The fund's structure includes a cap of 20% on staking fees, with Canary retaining 80%. The annual sponsor fee stands at 1.10% and can be paid monthly in TRX or cash. BitGo Bank & Trust holds the TRX as custodian, while U.S. Bank manages cash assets. This ETF expands Canary Capital’s lineup to include XRP, Litecoin, and HBAR. TRON founder Justin Sun highlighted its role in financial activity on-chain, particularly with stablecoins like USDT. According to a Messari report from August 2026, TRON processed $2.1 trillion in USDT transfers during Q2 of that year, contributing significantly to the network’s total stablecoin market cap of $89.2 billion.
Tickers: $TRXS
Topics: Canary Capital Cboe ETF staked tokens TRX