SEC Acknowledges Filing for Staked TRX ETF by Canary Capital
The U.S. Securities and Exchange Commission (SEC) has officially acknowledged a proposal from Canary Capital for a staked TRX exchange-traded fund (ETF), marking a notable milestone for the Tron blockchain’s native token as it seeks to enter the institutional investment arena.
In a notice published Thursday, the SEC confirmed it is reviewing a 19b-4 filing submitted by the Cboe BZX Exchange, which aims to list the fund. The Commission stated it is now soliciting public comments on the proposal.
“The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons,” the SEC wrote.
This filing is part of Canary Capital’s broader ETF strategy. The firm previously filed for staked ETFs tied to Sui (SUI), Hedera (HBAR), and Litecoin (LTC), aiming to bring more altcoins into regulated financial products. Bitgo is listed as the fund custodian for the TRX ETF.
If approved, the TRX ETF would be among the first ETFs to provide exposure to staking yields—offering investors both price exposure and potential on-chain rewards, within a traditional investment wrapper.
TRX, which powers the Tron blockchain founded by Justin Sun in 2017, currently boasts a market capitalization of $26 billion, making it the 10th-largest cryptocurrency.
While the SEC has delayed decisions on several other crypto ETFs, the acknowledgment of Canary’s TRX proposal is a small but meaningful step forward. It highlights growing institutional interest in altcoin-based and staking-enabled ETFs, as regulatory frameworks around digital assets continue to evolve.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
