Canary’s TRXS ETF brings staked TRX to US brokerage accounts
Crypto Briefing 2026-10-06 22:15:31
Context: Canary Capital launched the Canary Staked TRX ETF, trading as TRXS, on the Cboe BZX Exchange on September 9, 2026, providing US investors with regulated market access to TRON's native token, TRX, with built-in staking rewards. The ETF allows institutional investors to access TRX through conventional brokerage accounts, marking a significant milestone for TRON's integration into traditional financial markets. TRON's network supports over $94 billion in circulating USDT and has processed trillions in transfer volume.
Key Facts
- The Canary Staked TRX ETF, TRXS, lists on Cboe BZX, offering direct TRX exposure with built-in staking rewards, and is the first US-listed exchange-traded product to do so.
- TRXS targets staking approximately 90% of its eligible TRX holdings, with the fund holding TRX directly rather than tracking it through derivatives.
- The ETF charges an annual sponsor fee of 1.10% and a staking fee capped at 20%, meaning the fund keeps 80% of its staking rewards.
- At the time of TRXS's debut, TRX had a market capitalization of around $32.1 billion.