Canary launched a staked TRON ETF, TRXS, which begins trading on Cboe today as the first US fund tracking TRON's TRX while staking the tokens it holds.
TRXS earns extra TRX through TRON's proof-of-stake system: the trust stakes substantially all of its holdings, staking fees are capped at 20% of rewards, and the remaining 80% is retained and folded into the fund's daily net asset value instead of being paid out separately. The annual sponsor fee is 1.10%, accruing daily and payable in TRX or cash. BitGo Bank & Trust custodies the TRX, U.S. Bank handles cash, and U.S. Bancorp Fund Services runs administration.
The launch lands as TRON cements its role in stablecoin settlement: the network processed $2.1T in USDT transfers in Q2 and has crossed 15B lifetime transactions. TRXS joins Canary's growing crypto lineup alongside its XRP, Litecoin and HBAR products.
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