Canary Capital files for staked TRX ETF
The ETF plans to hold and stake TRX, the native token of the Tron blockchain, which currently offers an annual yield of about 4.5%, according to StakingRewards.com.
United States asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding the Tron blockchain network’s native token, TRX (TRX), regulatory filings show.
The fund intends to hold spot TRX and stake a portion of the tokens for added yield, the filing said.
According to CoinMarketCap, the TRX token has a total market capitalization of more than $22 billion. Staking TRX generates an annualized yield of approximately 4.5%, data from Stakingrewards.com shows.
