Canary Capital Applies for Tron Staked ETF — What Happens Next?

Updated

April 21, 2025

Gambar Canary Capital Applies for Tron Staked ETF — What Happens Next?

Jakarta, Pintu News – Canary Capital, an American asset management company, recently proposed an innovative Tron tertake ETF product.

The product, named Canary Staked TRX ETF, marks the latest step in Canary Capital’s efforts to lead the altcoin ETF product market.

Although it has not been announced which trading platform will be used, the product is expected to provide direct exposure to the price of Tron (TRX).

Check out the full information here!

Tron ETF Takes: What and How?

NEW: @CanaryFunds just filed for a staked TRX ETF (Tron) pic.twitter.com/2Vm5L1zWT9
— James Seyffart (@JSeyff) April 18, 2025

Canary Capital’s proposed Tron ETF aims to provide investors with regulated access to staking rewards and market exposure to the popular proof-of-stake digital asset.

Canary Capital will use price data from Coindesk Indices to establish the Net Asset Value (NAV) of the product. Canary Capital Group LLC will act as the trust sponsor, with CSC Delaware Trust Company as trustee.

The ETF is expected to provide not only profits from the rising price of Tron (TRX) but also potential passive income from staking. It offers an attractive avenue for investors seeking exposure in crypto assets without the need to manage those assets directly.

Also read: 7 Ways to Get Passive Income from Crypto 2025, Simple!

Altcoin ETFs: The Evolving Trend

Canary Capital’s filing for a staked Tron ETF is part of a larger wave in altcoin ETF applications. In addition to Tron (TRX), the firm has also submitted proposals for ETFs based on SUI, Hedera (HBAR), and Polkadot .

This shows Canary Capital’s commitment in expanding its altcoin ETF product portfolio. Other asset management companies such as Grayscale, 21Shares, Franklin Templeton, and VanEck have also submitted applications for ETFs based on Solana (SOL), Ripple , Cardano , Dogecoin , and Litecoin (LTC).

Prospect of Approval by the SEC

Although the SEC has delayed decisions on several altcoin ETF proposals, hopes for approval remain high. Analysts from Bloomberg estimate the probability of Litecoin (LTC) ETF approval at 90% by 2025, thanks to its classification as a commodity and its structural similarity to Bitcoin .

With the confirmation of Paul Atkins as the new SEC Chairman, it is expected that there will be further ease in the approval of crypto ETFs. With support from commissioners like Mark Uyeda and Hester Peirce, who are known to be supportive of the industry, many are optimistic that the SEC will approve several altcoin ETFs by mid-2025.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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