Canary Staked TRX ETF Launches in the U.S.

The Canary Staked TRX ETF, the first of its kind in the U.S., will begin trading on September 9, allowing investors to benefit from TRX staking rewards.

On September 9, the Cboe BZX Exchange will commence trading of the Canary Staked TRX ETF, which will be the first exchange-traded fund in the U.S. based on TRX and featuring staking capabilities. This launch date has been confirmed by Canary Capital.

The fund will hold TRX tokens and will earn rewards through participation in the Tron network's staking process. According to the product description, these earnings will be reflected in the fund's net asset value, without direct payouts to investors. The cryptocurrency will be stored by BitGo, while Luganodes will serve as the staking provider.

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