Key Takeaways:
Canary Capital filed amendment 4 to its Staked TRX ETF S-1, disclosing a 1.10% management fee and 90% staking plan.
The registration statement, submitted Aug. 20, shows the trust will retain 80% of staking rewards after aggregate staking fees of 20% are paid to the staking provider, sponsor, and custodian. Canary Capital Group plans to seed the fund with 10,000 shares at $25 per share, according to the filing.
TRX, the native token of the TRON network, rose nearly 2% to $0.3370 over the past 24 hours, with trading volume up 75%. Total TRX futures open interest climbed more than 5% to $256.12 million in four hours, with Binance TRX futures OI up 9%, according to Coinglass data.
The filing advances the proposed listing on Cboe BXZ Exchange under ticker TRXS, which would be the first US staked-ETF for an altcoin beyond Ethereum. TRON's upcoming TVM compatibility upgrade, which adds support for newer Ethereum opcodes and precompiled contracts, could further support demand as the fund moves toward launch.
The Staked TRX ETF would offer investors exposure to TRX price while generating staking rewards through TRON's proof-of-stake mechanism. The fund's ordinary operating expenses are covered up to $200,000 per fiscal year, with no fee waiver disclosed.
The filing follows Canary Capital's earlier S-1 for a spot TRX ETF and comes as asset managers push to expand the crypto ETF category beyond Bitcoin and Ethereum. BlackRock's ETHB, which launched in March 2026, pairs ether price exposure with staking yield in a single ticker, while VanEck's Lido-linked staked Ethereum ETF remains under SEC review.
TRX trades well above its 50-day and 200-day simple moving averages on the daily timeframe. The broader crypto market has been recovering, with Bitcoin crossing $68,000 and Ethereum reclaiming $2,000 as Treasury bond buybacks improved liquidity conditions. Spot Bitcoin ETFs attracted $189 million in net inflows on Aug. 18, while spot Ethereum ETFs received $71.5 million, according to SoSoValue data.
The SEC can take up to 240 days to review the filing. Approval would mark the first staked ETF for a token outside the Bitcoin-Ethereum pair and could draw institutional capital into TRON's ecosystem, which processes stablecoin transfers and decentralized applications at low fees. TRON's high throughput and low transaction costs have made it a primary settlement layer for USDT transfers, giving the network a distinct use case among L1 blockchains.
This article is for informational purposes only and does not constitute investment advice.
