SEC Reviews Staked Tron ETF, Boosting Hopes for New Crypto Fund Approval

The U.S. Securities and Exchange Commission has formally begun reviewing a proposal from Canary Capital for a staked Tron (TRX) ETF, a move that stands out amid repeated delays in crypto ETF approvals.

Filed through the Cboe BZX Exchange, the proposed fund would give investors exposure to TRX while also distributing staking rewards—a first of its kind for the asset. BitGo is named as the custodian, and the ETF would follow a cash-only creation model, storing assets in cold wallets.

The SEC’s public notice acknowledges the application and calls for community feedback. Though it doesn’t guarantee approval, analysts see the recognition as a positive shift.

READ MORE:

Bitcoin Breaks Records, But the Real Momentum May Still Be Ahead

Bloomberg’s James Seyffart noted the timing is interesting, especially as the agency just postponed a decision on a similar staked Ethereum ETF by 21Shares. He suggested the ETH product may now be delayed until late 2025, potentially giving the TRX proposal room to advance faster.

For now, no decision date is confirmed, and neither Canary nor Tron have commented publicly.

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.