Canary Capital has taken a bold step in the crypto…
6 reactions
Canary Capital has taken a bold step in the crypto investment space by filing the first U.S. spot exchange-traded fund (ETF) proposal for Tron’s native token, TRX, that includes staking rewards. This new product, named the Canary Staked TRX ETF, aims to give investors direct exposure to TRX’s price while also offering passive income through staking rewards.
Unlike traditional ETFs that only track the price of an asset, this fund plans to stake a portion of its TRX holdings on the Tron blockchain. Staking helps secure the network and rewards token holders with additional tokens. By including staking, the ETF offers a way for investors to earn yield without managing wallets or technical staking themselves.
Read More : https://onthenode.com/analysis/canary-capital-files-first-spot-trx-etf-proposal-with-staking
Unlike traditional ETFs that only track the price of an asset, this fund plans to stake a portion of its TRX holdings on the Tron blockchain. Staking helps secure the network and rewards token holders with additional tokens. By including staking, the ETF offers a way for investors to earn yield without managing wallets or technical staking themselves.
Read More : https://onthenode.com/analysis/canary-capital-files-first-spot-trx-etf-proposal-with-staking
4
1
1
| 14,000 mlx | |
| 72 | |
| 6 |