Canary Capital has launched what it claims is the first US spot exchange-traded fund (ETF) with exposure exposure to TRX and staking rewards.
Canary Capital has launched the Canary Staked TRX ETF (TRXS), a US-listed fund that provides exposure to TRX, the native token of the TRON blockchain. TRON is one of the largest blockchain networks for stablecoin activity The fund seeks to track the spot price of TRX while also participating in the TRON network's delegated proof-of-stake validation process. Net staking rewards earned through this process will be reflected in the fund's net asset value. According to Canary Capital, TRXS is t