Canary Capital launched the Canary Staked TRX ETF, trading as TRXS, on the Cboe BZX Exchange on September 9, 2026, marking the first US-listed exchange-traded product to offer direct TRX exposure while collecting staking rewards from the TRON network. The fund holds TRX directly and stakes approximately 90% of eligible holdings, with an annual sponsor fee of 1.10% and staking reward fees capped at 20%, meaning the fund retains 80% of earned staking income. The TRON network supports over 94 billion dollars in circulating USDT, and TRX had a market capitalization of around 32.1 billion dollars at launch. This structure addresses regulatory constraints faced by institutions and advisors, allowing them to access TRX through compliant products integrated into traditional brokerage accounts.
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