Cboe BZX Exchange has filed a proposed rule change with the Securities and Exchange Commission to list and trade shares of the Canary Staked TRX ETF under Rule 14.11(e)(4), marking the first attempt to register a US-based spot Tron ETF fund offering staking rewards.
Filed on May 12, the proposal seeks approval to list Commodity-Based Trust Shares representing fractional interests in a trust holding TRX, the native asset of the Tron blockchain.
What does the fund contain?
The ETF, sponsored by Canary Capital, plans to stake a portion, potentially all, of its TRX holdings through one or more trusted providers, with staking rewards that contribute directly to funding NAV.
Per the fund’s S-1 filed April 18, this structure enables investors to gain exposure to TRX’s spot price while earning yield from the network’s delegated proof-of-stake system. The current TRX staking yield sits…
