Canary Capital teases staked TRX ETF launch

Canary Capital said its proposed Canary Staked TRX ETF is “coming soon,” pointing investors toward an amended registration statement filed with the U.S. Securities and Exchange Commission on Aug. 19. Summary Canary Capital says its staked TRX ETF is coming soon under ticker TRXS in America. Latest SEC amendment lists a 1.10% annual sponsor fee for the proposed exchange-traded product shares. The fund plans to stake substantially all held TRX while retaining 80% of rewards generated. BitGo would custody TRX while U.S. Bank would safeguard the trust’s cash and assets separately. The registration statement remains preliminary with no confirmed launch date or SEC effectiveness notice published. The asset manager has not announced a trading date. Its latest filing remains a preliminary prospectus and states that securities cannot be sold until the registration statement becomes effective. No SEC effectiveness notice appeared in the fund’s public filing history as of Sept. 4. The product would trade under the ticker TRXS. It would give investors exposure to TRX through ordinary brokerage accounts while also participating in the Tron network’s staking process. Canary Staked TRX ETF would ...