SEC Acknowledges Filing for Staked TRX ETF by Canary Capital

In a notice published Thursday, the SEC confirmed it is reviewing a 19b-4 filing submitted by the Cboe BZX Exchange, which aims to list the fund. The Commission stated it is now soliciting public comments on the proposal.

“The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons,” the SEC wrote.
This filing is part of Canary Capital’s broader ETF strategy. The firm previously filed for staked ETFs tied to Sui (SUI), Hedera (HBAR), and Litecoin (LTC), aiming to bring more altcoins into regulated financial products. Bitgo is listed as the fund custodian for the TRX ETF.

If approved, the TRX ETF would be among the first ETFs to provide exposure to staking yields—offering investors both price exposure and potential on-chain rewards, within a traditional investment wrapper.

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TRX, which powers the Tron blockchain founded by Justin Sun in 2017, currently boasts a market capitalization of $26 billion, making it the 10th-largest cryptocurrency.

While the SEC has delayed decisions on several other crypto ETFs, the acknowledgment of Canary’s TRX proposal is a small but meaningful step forward. It highlights growing institutional interest in altcoin-based and staking-enabled ETFs, as regulatory frameworks around digital assets continue to evolve.

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