• Canary Capital submitted a proposal to launch a staked TRX ETF offering both price exposure and staking rewards.
  • The ETF plans to stake assets through third-party providers and use BitGo Trust for custody services.

Canary Capital has officially made a bold move by submitting a proposal to the United States Securities and Exchange Commission (SEC) to launch the Canary Staked TRX ETF. This product is designed for investors who want to get direct exposure to the price of the TRON (TRX) token while enjoying the returns from staking.

Imagine if you could hold an ETF that not only follows the market price but also generates passive income from staking. Well, this is the concept brought by Canary.

This ETF is planned to use BitGo Trust Company as a custodian and will utilize price data from CoinDesk Indices to calculate its net asset value. On the other hand, some of the TRX assets in this ETF will be staked through a third-party staking provider. So it’s not just saving, but also working.

JUST IN: Canary files for staked $TRX ETF. pic.twitter.com/0TbD7tog8a

— Whale Insider (@WhaleInsider) April 18, 2025

TRON Powers Forward With Utility and Growth

What makes this proposal even more interesting is that TRON as the network where TRX is hosted is indeed performing solidly. According to the CNF report , TRON now supports more than 300 million accounts. From microtransactions like small tip to minting billions of dollars of stablecoin, everything can be done on this network.

Even since last February, TRON introduced the Gas Free feature that allows users to transact using USDT without having to have TRX to pay for gas. The goal is clear: to make life easier for users and encourage wider adoption of stablecoins.

Furthermore, TRON is also included in the list of the best altcoins to buy in April 2025, according to analysts who highlight the strong integration and efficiency of this network. Not only is it fast, but it is also resilient in terms of decentralization. It is perfect for dApp developers looking for a scalable but user-friendly platform.

Mixed Sentiment Lingers Despite TRX ETF Optimism

But of course, not all the news is that bright. The latest prediction from Changelly says the price of TRX could drop 6.27% to around $0.228 on April 20, 2025.

Market sentiment? Still neutral, but there is a 47% bearish tendency and the Fear & Greed Index score is stuck at 33, aka “Fear.” In the last 30 days, TRX has only had 15 green days out of a total of 30 trading days with a price volatility of 3.08%.

At the time of writing, TRX was trading at around $0.2415, down 1.87% over the last 24 hours and 3.06% over the last 7 days. But even though the graph looks sluggish, the presence of an ETF like this could be a new hope for investors who prefer a capital market approach rather than playing directly in the crypto space.

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