Canary capital It was presented for a new exchange (ETF) box with the US Securities and Stock Exchange Committee (SEC), and suggested that the Canary Staped TRX ETF launch.
According to the S-1 registration statementIt was presented on April 18The fund will offer investors to price movements TX With the combination of smoke features. The application is awaiting organizational approval.
ETF will keep the actual TRX symbols, with the nursery you run Bitgo Trust Company. It is worth noting that this is the first ETF related to TRX.
This step represents an attempt to expand investment products in Crypto until after traditional topical holdings and explore the features of generating return related to Blockchain networks of creativity (POS).
However, there are still investment funds circulating in the United States in the American list a disputed organizational issue.
Savings face organizational obstacles
While attention is essential to the security and operation of POS networks such as Ethereum (EthAnd Tron, SEC has historically prevented the inclusion of products circulating in encryption (ETPS).
Ethereum ETF proposals included Staking features but was later required to remove them during the review process.
SEC has sparked multiple concerns about merged registration into organized financial products. These concerns include the recovery schedules that can disrupt the standard T+1 settlement cycle, the complications of tax transaction, and questions about whether residence services can form an unregistered securities offer.
Representatives from the encryption industryHe met with the SEC encryption squad On February 5. They provided models to address these concerns, such as using third -party services for liquid symbols.
Moreover, Senator Sinatia Lomes And other American Senate membersSend a message to the Supreme Education Council in FebruaryThe request for clarity on excluding interest and conviction that the current policy disrupts the managers of American assets compared to international competitors in Canada, Europe and the United Kingdom.
However, SECThe decisions are late On two main changes related to Crypto etps, including ashen Ethereum Trust request to participate in part of its holdings. Decisions are now expected by June 2025.
Pamphlet Canary files for Stake TRX ETF amid continuous discussions in the United States First appear on Cryptoslate.
