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      Canary Capital to Launch Staked Tron ETF on Cboe

      Canary Capital is set to launch a groundbreaking exchange-traded fund (ETF) that will provide investors with exposure to Tron’s TRX token while also offering built-in staking rewards. The fund, which will trade under the ticker TRXS, is scheduled to begin trading on the Cboe BZX Exchange on September 9, 2026. This marks the first time a U.S. fund manager has introduced an ETF that combines spot TRX exposure with staking capabilities.

      The TRXS ETF will stake at least 90% of its TRX holdings under normal market conditions, with staking service fees capped at 20% of rewards. This structure allows 80% of net staking income to flow directly into the fund's net asset value, enhancing the per-share price over time. Investors will not receive separate distributions of staking rewards; instead, the value will accumulate within the fund. Canary Capital will charge a 1.10% annual sponsor fee, which can be paid in either TRX or cash.

      The custody of the TRX assets will be managed by BitGo Bank & Trust, while cash custody will be handled by US Bank. The launch of TRXS comes at a time when several asset managers are awaiting regulatory approval for single-asset ETFs tracking altcoins, with many applications still under review by the U.S. Securities and Exchange Commission (SEC). Justin Sun, the founder of the Tron network, confirmed the listing details on September 8, 2026, just a day before trading begins.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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