Canary Capital Requests SEC Nod for Tron ETF With Staking Capabilities 📈
Canary Capital, a Nashville-based asset management firm, has filed for approval from the US Securities and Exchange Commission (SEC) to launch a Tron-based exchange-traded fund (ETF) that provides investors with staking functions. This move comes as the firm submitted a prospectus titled "Canary Staked TRX ETF" through an S-1 filing, aiming to provide exposure to Tron's blockchain technology and staking potential.
The proposed ETF would allow investors to participate in Tron's functionalities, potentially broadening the cryptocurrency's appeal and utility within the digital asset investment space. The SEC's decision will impact the fund's future.
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