The new TRXS ETF provides investors with a brokerage-based route to TRON staking rewards, charging a 1.10% sponsor fee as the network continues to see massive stablecoin transaction volume.
The launch of the Canary Staked TRX ETF (TRXS) on Cboe marks a significant milestone for TRON, as it is the first US-listed ETF to offer direct exposure combined with automated staking rewards. By simplifying institutional access to TRX and integrating staking yields directly into the fund's net asset value, the product positions TRON as a yield-generating asset class that competes with traditional Bitcoin ETFs. This development is further supported by TRON's robust underlying utility, specifically its dominance in the stablecoin market, where it processed $2.1 trillion in USDT transfers durin
The trust retains staking rewards and includes them in its daily net asset value rather than distributing them as separate payments to shareholders.
BitGo Bank & Trust serves as the custodian for the fund's TRX holdings.
Bitcoin price movement is mentioned as background context but not directly impacted by the TRX ETF news.
Canary Capital has launched the Canary Staked TRX ETF (TRXS) on Cboe, marking the first US-listed fund to offer direct TRON exposure with integrated staking rewards. The product aims to capture institutional demand by simplifying access to staking yields while leveraging TRON's dominant position in the stablecoin settlement market.
The fund retains 80% of the staking rewards generated, which are then incorporated into the daily net asset value of the trust rather than being distributed as separate dividends.
Canary Capital charges an annual sponsor fee of 1.10% of TRX holdings, which accrues daily and can be paid in either TRX or cash.