First Staked TRX ETF Listed on the US Market

The first staked exchange-traded fund (ETF) linked to Tron, the Canary Staked TRX ETF, will be listed on the US market on Wednesday under the trading code TRXS. This ETF provides investors with a new way to access TRX tokens through traditional markets and includes the potential to earn more TRX through a network proof-of-stake mechanism, with staking rewards reflected in the fund's net asset value. Tron founder Justin Sun stated that the launch of this fund signifies the growing recognition of the Tron network as a key infrastructure in the global digital economy. Steven McClurg, CEO of Canary Capital, pointed out that as the adoption of stablecoins continues to grow globally, Tron has become a critical infrastructure supporting digital asset payments and settlements. TRX has a market capitalization of approximately $32.1 billion, making it the eighth largest cryptocurrency.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.