First Tron-ETF with Staking Launches in the U.S.

The Canary Staked TRX ETF is set to begin trading on the Cboe BZX Exchange on September 9, marking a significant milestone as the first exchange-traded fund in the United States that incorporates TRX and offers staking capabilities.

This innovative fund will invest in TRX tokens and generate rewards by participating in the Tron network's staking process. Notably, these rewards will contribute to the fund's net asset value rather than being distributed directly to investors. The security of the cryptocurrency assets will be managed by BitGo, while the staking operations will be handled by Luganodes.