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      First Staking TRX ETF Launched in the U.S.

      The first exchange-traded fund (ETF) linked to staking TRX tokens has been launched in the U.S. market. The Canary Staked TRX ETF, introduced by Canary Capital, will trade under the ticker symbol TRXS, offering investors a new avenue to access TRX tokens through traditional financial markets. This ETF is designed to benefit from the Tron network's proof-of-stake mechanism, allowing it to earn additional TRX through staking rewards, which will be reflected in the fund's net asset value.

      Justin Sun, the founder of Tron, emphasized that the launch of this ETF signifies the increasing recognition of the Tron network as a vital component of the global digital economy. Steven McClurg, CEO of Canary Capital, highlighted that with the rising adoption of stablecoins worldwide, Tron has established itself as essential infrastructure for digital asset payments and settlements.

      Canary Capital has been active in the cryptocurrency ETF space, having previously launched several products tracking other digital assets such as HBAR, Litecoin, and XRP. Currently, TRX has a market capitalization of approximately $32.1 billion, making it the eighth largest cryptocurrency according to data from The Block.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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