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Canary Capital plans to launch a TRX staking ETF under ticker TRXS, pending SEC approval.

Market News
04 Sep 2026
Crypto news
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Bullish
Canary Capital plans to launch a TRX staking ETF under ticker TRXS, pending SEC approval.

Canary Capital announced its proposed Canary Staked TRX ETF, trading under ticker TRXS, is coming soon pending SEC approval. The ETF will stake nearly all held TRX tokens, retaining 80% of staking rewards after fees, and will be custodied by BitGo with cash held by U.S. Bank. The product aims to provide investors exposure to TRX price movements plus staking rewards through ordinary brokerage accounts. However, the registration statement is still preliminary with no confirmed launch date or SEC effectiveness notice, so the ETF remains a proposed product until further regulatory steps are completed.

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