News View Non-AMP

Canary Capital Files for Staked TRX ETF With U.S. SEC

Published by
Steve Muchoki

Canary Capital Group filed with the United States Securities and Exchange Commission (SEC) on April 18 to offer Canary Staked TRX ETF. According to the SEC filing, the Canary Staked TRX ETF will track Tron (TRX) and enable investors to earn passively through the blockchain’s staking feature. 

The filing noted that CSC Delaware Trust will act as the trustee of the Canary Staked TRX ETF, while BitGo Trust Company will act as the custodian of the fund. 

Meanwhile, Canary Capital has yet to disclose the fund’s management fee and ticker, thus signing more filing amendments in the near future. 

Canary Capital Pushes for Crypto ETFs

Canary Capital has heavily capitalized on the positive crypto regulatory outlook under the Donald Trump administration. As Coinpedia reported, Canary Capital has filed with the U.S. SEC to offer several spot ETFs.

Canary Capital’s notable filings for spot ETF approvals include Sui (SUI), Pudgy Penguins (PENGU), Solana (SOL), XRP, and Hedera (HBAR).

Impact on the TRX Market

The filing of the Canary Staked TRX ETF is an indication of the rising demand for Tron coin among institutional investors. Moreover, the large-cap altcoin, with a fully diluted valuation of about $22.8 billion and a 24-hour average trading volume of around $464 million, has been signaling a potential upsurge after a bullish breakout.

In the daily timeframe, TRX price has already formed a higher high and is currently attempting to establish a support level around 24 cents a consistent close above 24 cents and the 50-day Moving Average (MA) will fuel a bullish uproar towards 30 cents.

Bigger Picture

The Tron network has grown to a vibrant DeFi ecosystem, with more than $4.9 billion in total value locked and over $68 billion in stablecoins market cap. According to market data from Defillama, the Tron network recorded nearly 2.3 million active addresses in the past 24 hours, thus a chain revenue of around $1.82 million.

The Tron network has gradually re-entered the United States market in the past few months after geoblocking during the Biden administration.

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

Crypto Regulations in the USA 2025

The US crypto regulation has changed dramatically in 2025, with the Trump administration adopting a…

July 26, 2025

Algorand Price Prediction 2025, 2026 – 2030: Will ALGO Price Hit $1?

Story Highlights The live price of the Algorand is Price predictions suggest ALGO could reach…

July 26, 2025

Avalanche Price Prediction 2025, 2026 – 2030: Will AVAX Price Hit $100?

Story Highlights The live price of the Avalanche is . Price predictions for 2025 suggest…

July 26, 2025

Finding The Next Pepe Coin – What Cryptos Might Have The 10,000x Factor?

Pepe Coin’s 2021 meteoric rise showed how quickly a meme token can explode. Today, traders…

July 26, 2025

Cardano Price Drops But ADA Remains A Hugely Bullish Bet For Experts, Along With RTX and SUI

Cardano's price has dropped 1.88% to $0.7908 but is still a top long-term crypto bet,…

July 26, 2025

We Asked Grok, ChatGPT, and Deepseek AI To Pick The Next Shiba Inu (SHIB) – They All Agreed On This Coin

Shiba Inu coin's recent market performance has shown signs that the meme coin might be…

July 26, 2025