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First staked Tron ETF debuts on US market under TRXS ticker
The Canary Staked TRX ETF will reflect Tron proof-of-stake rewards in its net asset value, expanding TRX exposure through traditional market channels.
The first staked exchange-traded fund tied to Tron is set to begin trading in the US on Wednesday under the ticker symbol TRXS, offering investors another route to gain exposure to the TRX token via an ETF structure, according to The Block.
The fund is linked to TRON’s proof-of-stake process, meaning potential staking rewards are expected to be reflected in the ETF’s net asset value. The Block also noted TRX’s market capitalization of $32.1 billion, making it the eighth-largest crypto.
In a statement cited by The Block, Tron founder Justin Sun said the launch provides institutional investors a new way to access the Tron network, which he described as powering real-world financial activity. Canary Capital CEO Steven McClurg added that Tron matters for stablecoin transfers, pointing to its role in digital asset payments and settlement.
The Block also reported that Canary Capital has launched several other crypto ETFs over the past year, including products tracking HBAR, Litecoin, and XRP.
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