#TRXETF TRX ETF news has been buzzing around the crypto space. Here's what's happening:

TRX ETF Filing

Justin Sun, the founder of Tron (TRX), confirmed that Canary Capital has filed for a spot TRX exchange-traded fund (ETF) with staking rewards. This move could potentially allow investors to earn a 4.5% annual yield while tracking the spot price of TRX.

Key Details

- *Staking Integration*: The proposed ETF aims to provide investors with staking rewards, setting it apart from other crypto ETF proposals.

- *Custodianship*: Details on custodianship haven't been disclosed yet.

- *Pricing Data*: The ETF's pricing will likely be based on the MarketVector TRON VWAP Close Index (MVTRXV Index).

Market Impact

Tron's recent momentum might fuel interest in the ETF. TRX has surged over 122% in the past year and recently became the ninth-largest cryptocurrency by market capitalization. The current price of TRX is around $0.25, with a 0.70% increase in the last 24 hours.

Existing TRX Investment Options

VanEck's TRON ETN (VTRX) is already available, tracking the performance of TRX. This ETN provides exposure to TRX with a total expense ratio of 1.50% and is tradeable on regulated stock exchanges ¹ ².