The first staking TRX ETF launched in the U.S. market on Wednesday

The first staking exchange-traded fund linked to Tron will debut in the U.S. market on Wednesday. The Canary Staked TRX ETF launched by Canary Capital will be traded under the ticker TRXS, providing investors with a new way to access TRX tokens through traditional markets. This ETF also has the potential to earn more TRX through the network's proof-of-stake mechanism, with staking rewards reflected in the fund's net asset value.

Tron founder Justin Sun stated that the launch of this fund indicates the growing recognition of the Tron network as a key infrastructure for the global digital economy. Canary Capital CEO Steven McClurg noted that as the adoption of stablecoins continues to grow globally, Tron has become a critical infrastructure supporting digital asset payments and settlements. Over the past year, Canary Capital has launched multiple crypto ETFs, including products tracking HBAR, Litecoin, and XRP. According to The Block price data, TRX has a market capitalization of approximately $32.1 billion, ranking as the eighth largest cryptocurrency.