Canary Capital Eyes Tron ETF With Built-In Staking Feature

Canary Capital is preparing to make its next move in the crypto ETF race — this time with a product centered on Tron’s TRX token.

The firm has filed preliminary paperwork with the U.S. Securities and Exchange Commission, signaling plans to roll out a staked TRX exchange-traded fund.

Unlike traditional ETFs, this proposed fund would not only mirror the real-time price of TRX but also allow for a portion of the tokens to be actively staked. That means investors wouldn’t just be tracking the market — they’d indirectly gain exposure to staking rewards as well.

To manage custody, the firm has tapped BitGo, a familiar name in institutional crypto storage.

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While the filing confirms the fund’s general structure, it leaves some key details — such as its official ticker and fee structure — to be revealed at a later stage. If approved, this would mark a notable entry into the growing field of altcoin-backed ETFs, especially those incorporating staking mechanics.

Canary’s move comes amid broader industry momentum to expand crypto-linked investment products, giving institutional investors new ways to tap into blockchain ecosystems without direct token management.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.