#TRXETF
#TRXETF
Canary Capital is seeking approval to launch an ETF in the US based on Tron (TRX).
The proposed product would include participation benefits for investors.
Canary has also filed to launch ETFs for XRP, Solana, Sui, and Pudgy Penguins.
ETF applications continue to come in. Canary Capital filed on Friday (18) a prospectus — S-1 form — with the U.S. Securities and Exchange Commission (SEC) for a spot Tron ETF, which would include staking features.
The staking feature of the Canary Staked TRX ETF would allow investors to earn additional yield on their Tron-based investments.
The fund's investment objective is to seek to provide exposure to the price of Tron,” the document states.
Based in Nashville, Tennessee, Canary has filed for various cryptocurrency ETFs. The crypto-focused asset manager hopes that Wall Street's largest regulator will give the green light for the Sui, Pudgy Penguins, and XRP funds.
These applications are part of a surge of ETF registrations tracking altcoins, resulting from the successful debut last year of funds tracking the performance of Bitcoin and Ethereum, respectively.
The 11 Bitcoin funds have accumulated over US$3,600,086,251,035 billion in net inflows over a 15-month period.
The prospectus, also known as a registration statement, did not specify on which stock exchange the proposed Tron-based fund would be traded.
#TRXETF
Canary Capital is seeking approval to launch an ETF in the US based on Tron (TRX).
The proposed product would include participation benefits for investors.
Canary has also filed to launch ETFs for XRP, Solana, Sui, and Pudgy Penguins.
ETF applications continue to come in. Canary Capital filed on Friday (18) a prospectus — S-1 form — with the U.S. Securities and Exchange Commission (SEC) for a spot Tron ETF, which would include staking features.
The staking feature of the Canary Staked TRX ETF would allow investors to earn additional yield on their Tron-based investments.
The fund's investment objective is to seek to provide exposure to the price of Tron,” the document states.
Based in Nashville, Tennessee, Canary has filed for various cryptocurrency ETFs. The crypto-focused asset manager hopes that Wall Street's largest regulator will give the green light for the Sui, Pudgy Penguins, and XRP funds.
These applications are part of a surge of ETF registrations tracking altcoins, resulting from the successful debut last year of funds tracking the performance of Bitcoin and Ethereum, respectively.
The 11 Bitcoin funds have accumulated over US$3,600,086,251,035 billion in net inflows over a 15-month period.
The prospectus, also known as a registration statement, did not specify on which stock exchange the proposed Tron-based fund would be traded.