Canary Capital Launches First Tron Staked ETF

Canary Capital launched the Canary Staked TRX ETF (TRXS) on September 8, 2026, creating the first exchange-traded fund dedicated to Tron, the eighth-largest digital asset by market capitalization. The fund grew rapidly, reaching 50.3 million dollars in assets under management by September 16.

The ETF provides investors with exposure to Tron and utilizes a proof-of-stake process to earn additional tokens by validating network transactions. This structure leverages the Tron network's position as a primary hub for stablecoin settlements, particularly for Tether, due to its high throughput, low costs, and fast transaction finality.

The fund carries an annual fee of 1.1%, which exceeds the category average of 0.83%.