Canary Capital files for Staped TRX ETF
Canary Capital, the US Asset Manager, presented to include a trading box on the Stock Exchange (ETF) that carries the original symbol of the Tron Blockchain network, TRX (TRX), and highlights organizational deposits.
The box intends to keep the TRX stain and share part of the symbols to get an additional return, deposit He said.
According to To CoinmarketCap, TRX Taken has the total market value of more than $ 22 billion. Staking TRX creates an annual return of about 4.5 %, data from stokerewards.com He appears.
The deposit is the latest in the flow of offerings that aim to include investment funds circulating in currencies that hold alternative encrypted currencies, or “altcoins”.
However, the suggested box in Canary is relatively unique in the permission to share Crypto holders in its initial application. The investment funds circulated in the other United States, such as those who hold the original symbol of the ETHEREUM network, ETHER (ETH), have sought to agree to deception only after inserting a box bearing the distinctive symbol. They are still waiting for an organizational decision.
TRON is a Blockchain network proof founded by Justin Sun, which also owns Rainberry (previously known as BitTorrent), Bittorrent Protocol.
In March 2023, SEC filed a lawsuit against Sun for allegedly inflating the prices of TON TOKEN and BitTorrent BTT.
In February, SEC and Sun asked the judge to oversee the case to stop the case to allow the parties to enter the settlement talks.
Related to: Canary Capital First SUI ETF suggests in the SEC file
Altcoin Etf Season
Since US President Donald Trump took office in January, American organizers have admitted dozens of deposits for the proposed investment products.
They include plans for the investment funds for the investment funds circulating in the investment funds circulating in the original layer such as Solana as well as Memecoins such as the official Trump (Trump).
Since 2024, Canary has been offered to many investment funds circulating in the proposed United States, including money that maintains Litecoin (LTC), XRP (XRP), HEDERA (HBAR), Axear (axl), Pengu (PenGu), and Sui (Sui).
Some industry analysts suspect that investment funds circulating in traded investment funds carrying non -core coins will be embraced by traditional investors.
“Most of the investment funds circulating will fail to attract AUM funds and cost costs He said In the March publication on the X.
magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering