Key Notes
- SEC reviews filing for a staked TRX ETF from Cboe BZX and Canary Capital.
- TRX is breaking out of the range-bound parallel channel $0.20–$0.25.
- Buy/Sell Pressure Delta signals renewed buying interest and bullish sentiment in TRX.
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The US Securities and Exchange Commission (SEC) has recently acknowledged the 19b-4 filing by Cboe BZX Exchange for a staked Tron (TRX) ETF, proposed by Canary Capital.
This marks another step in bringing altcoin-based ETFs to the US, as the SEC continues to evaluate several crypto-related products.
Canary Capital submitted its registration in April with Bitgo as the custodian, adding to its existing ETF proposals for altcoins like Hedera, Sui, and Litecoin.
TRX is currently trading at $0.274 with no loss or gains in the past 24 hours. The tenth-largest cryptocurrency is trying to break out of the horizontal channel…
