{"id":155253,"date":"2025-04-19T18:40:36","date_gmt":"2025-04-19T15:40:36","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=155253"},"modified":"2025-05-05T12:09:27","modified_gmt":"2025-05-05T09:09:27","slug":"best-crypto-to-buy-now-as-canary-capital-files-for-tron-etf","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/best-crypto-to-buy-now-as-canary-capital-files-for-tron-etf\/","title":{"rendered":"Best Crypto to Buy Now As Canary Capital Files for Tron ETF"},"content":{"rendered":"

The latest ETF news that has created intrigue and excitement among investors is that of a Tron ETF by Canary Capital\u2014a leading name within the crypto space. Set to be launched with staking capabilities, the ETF will be the first of its kind if approved.<\/span><\/p>\n

\n

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n

\n

This application has come just days after Grayscale\u2019s request to get their ETH ETF with staking capabilities was postponed by the SEC. If approved, this could be a positive sign not just for TRON, but also for smaller altcoins, as it may indicate a willingness to embrace more than just the top one or two cryptos in the space.<\/span><\/p>\n

From S-1 Submitted With the SEC<\/span><\/h2>\n

The Form S-1 filed by Canary Capital<\/a><\/span>\u00a0outlines a product that, if approved, would break convention. Instead of merely tracking TRX\u2019s spot price\u2014which it plans to do via CoinDesk Indices\u2014the Canary Staked TRX ETF would also stake a portion of its holdings through third-party validators, with BitGo as custodian. It\u2019s this staking mechanism that marks a notable shift in ETF strategy.<\/span><\/p>\n

Until now, most spot ETF approvals have followed a conservative path: no staking, minimal deviation from the core asset\u2019s price, and an approach that appeased the SEC\u2019s long-standing apprehension under Gary Gensler\u2019s tenure. But things might be different now. With Paul Atkins reportedly more open to staking-based instruments, a green light here could spark a chain reaction.<\/span><\/p>\n

\"\"<\/p>\n

There\u2019s significance beyond TRON in this move. Ethereum ETF issuers, including Grayscale, were forced to strip staking out of their original filings in hopes of gaining SEC approval. And with the SEC just delaying its response to Grayscale\u2019s revised ETH ETF staking request, the fate of Canary\u2019s filing might now set a precedent.<\/span><\/p>\n

If the TRX fund is approved as-is, it would signal a turning point\u2014not just for staking ETFs, but for altcoins in general. For once, the SEC\u2019s ETF radar might be expanding beyond Bitcoin and Ethereum. For investors, this shift could translate into fresh capital flows toward high-yield altcoins that were previously overlooked by institutional products.<\/span><\/p>\n

Best Crypto to Buy As Altcoins May Gain Traction<\/span><\/h2>\n

Solaxy \u2013 SOLX<\/span><\/h3>\n

As staking re-enters the ETF narrative with Canary\u2019s TRX filing, platforms like Solaxy<\/a><\/span>\u00a0are finding themselves in the right place at the right time. While most altcoins rely on speculation and sentiment, Solaxy\u2019s value proposition is built around something far more structural\u2014interoperability, staking yield, and support for two of the largest ecosystems: Solana and Ethereum.<\/span><\/p>\n

\"\"<\/p>\n

Solaxy operates as a Layer 2 protocol that doesn\u2019t just bridge the two chains but enhances transactions through a system of smart validators and liquidity-routing optimizers. What makes it relevant now is its staking infrastructure\u2014an offering that could become more sought after if ETF issuers start looking beyond Bitcoin and Ethereum.\u00a0<\/span><\/p>\n

With Paul Atkins ushering in a more staking-friendly era, protocols with built-in yield generation mechanisms might experience increased attention, and Solaxy\u2019s staking APYs are already gaining notice in DeFi circles.<\/span><\/p>\n

The platform rewards stakers with competitive returns while maintaining fast transaction finality and high throughput\u2014two traits that make it viable in both B2B blockchain integrations and retail DeFi activity.\u00a0 It has already raised upwards of $30 million from its ongoing presale- one of the biggest this year for a meme coin with utility.<\/span><\/p>\n

\n
\n

The $SOLX<\/a> spaceship is picking up speed! \ud83d\udef8\ud83e\ude90<\/p>\n

30M Raised! \ud83d\udd25\ud83d\udd25 pic.twitter.com\/qvrYUwt2Sy<\/a><\/p>\n

\u2014 SOLAXY (@SOLAXYTOKEN) April 14, 2025<\/a><\/p><\/blockquote>\n