Canary Capital Debuts First U.S. Staked Tron (TRX) ETF with Built-In Rewards Trader Edge | usagoldmines.com

Key Highlights

• TRXS has officially started trading on Cboe, representing America’s inaugural staked Tron exchange-traded fund.
• Nearly all TRX assets within the fund undergo staking, with 80% of generated rewards flowing into the fund’s net asset value.
• With an $32.1 billion valuation, TRX ranks as the eighth-largest digital currency by market capitalization.
• During Q2 2026, the TRON network facilitated $2.1 trillion worth of USDT transactions, hosting $89.2 billion in stablecoins.
• The TRXS product expands Canary Capital’s cryptocurrency ETF portfolio, joining offerings for XRP, Litecoin, and HBAR.

On Wednesday, September 9, Canary Capital officially commenced trading for its Canary Staked TRX ETF on the Cboe exchange, operating under the TRXS ticker. This marks a milestone as the first exchange-traded fund in America offering staked exposure to TRON’s native digital asset.

This investment vehicle provides retail and institutional investors with TRX exposure via conventional brokerage platforms, eliminating the complexity of direct token ownership or self-staking operations. According to Canary Capital, the trust will stake nearly its entire TRX portfolio.

The fund’s structure allocates 20% of staking proceeds toward operational fees, while the remaining 80% gets reinvested into the trust, contributing to daily net asset value calculations. Shareholders face an annual management fee of 1.10% based on total TRX holdings.

BitGo Bank & Trust provides custody services for the fund’s cryptocurrency holdings. Meanwhile, U.S. Bank manages cash operations, with U.S. Bancorp Fund Services overseeing administrative functions, accounting procedures, and transfer agent responsibilities.

Following the announcement, cryptocurrency market analyst Don Wedge observed on social platforms that “$TRX looking strong,” indicating positive market response to the ETF’s debut in United States trading venues.

TRON’s Dominance in Stablecoin Infrastructure

Justin Sun, who founded TRON, characterized the ETF launch as validation of the network’s strategic importance. “The launch of the Canary Staked TRX ETF demonstrates the growing recognition of the TRON network as critical infrastructure for the global digital economy,” Sun stated.

Data from a Messari analysis published August 10 reveals TRON facilitated $2.1 trillion in USDT transactions throughout Q2 2026. The blockchain’s total stablecoin market capitalization reached $89.2 billion, with USDT accounting for $87.9 billion of that figure.

Daily USDT transfer volumes averaged $22.8 billion, representing a 4.3% increase compared to the previous quarter. By early August, TRON’s cumulative transaction count since network genesis surpassed 15 billion.

Expanding Digital Asset ETF Ecosystem

Steven McClurg, CEO of Canary Capital, emphasized that institutional interest increasingly focuses on underlying blockchain infrastructure rather than tokens alone. “TRON has become a critical piece of the infrastructure powering digital asset payments and settlement,” McClurg explained.

Canary Capital initially submitted the fund’s Form S-1 documentation in April 2025. Subsequent amendments incorporated specific details regarding the trading symbol, listing venue, custodial arrangements, and staking methodology.

The TRXS structure distinguishes itself from competing altcoin ETF approaches. Both VanEck and Grayscale excluded staking mechanisms from their proposed BNB ETF frameworks, whereas Canary integrated staking functionality as a core component of TRXS.

Bitwise submitted its own SEC registration in December 2025 for a TRX-based ETF, proposing an alternative architecture permitting up to 60% direct cryptocurrency allocation, with remaining assets in associated instruments or derivative contracts.

At the time of TRXS launch, TRX maintained a $32.1 billion market capitalization, securing the eighth position among all digital currencies. Earlier this year, Binance.US reinstated spot TRX trading pairs, while Bitnomial introduced regulated TRX futures contracts on July 27.

The post Canary Capital Debuts First U.S. Staked Tron (TRX) ETF with Built-In Rewards appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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