Key highlights:

  • Canary Capital has launched the first US-based staked TRX ETF under the ticker TRXS
  • The fund gives users access to TRX while also letting them benefit from staking
  • The move builds on the existing crypto ETFs already launched by the asset manager

Investment management giant Canary Capital is reportedly bringing Tron staking to the US exchange-traded fund space for the first time. With the launch of its new Canary Staked TRX ETF, under the ticker TRXS, the company is providing investors with exposure to TRX while also letting them benefit from staking rewards.

Canary Capital launches staked TRX ETF

Canary Capital has launched the first-ever US-based staked TRX ETF called the Canary Staked TRX ETF (TRXS). The Tron fund started trading on September 9, 2026, on the Cboe exchange.

Notably, the main feature of the ETF is that it gives investors a simpler way to access TRX without directly purchasing and holding the token.

As the latest ETF is a staked variety, it can also earn rewards from its holdings on the TRON network to earn additional rewards. Like any other investment products, investors can access the fund through traditional brokerage accounts. They do not need to manage a crypto wallet or set up their own staking system.

According to the official announcement, BitGo Bank & Trust will serve as the crypto custodian. At the same time, US Bank will handle the fund’s cash custody. The U.S. Bancorp Fund Services will function as the administrator and transfer agent.

Interestingly, TRON founder Justin Sun has expressed his enthusiasm for the launch of the TRX ETF. He stated that the move underscores the importance of blockchain in global digital finance. In an X post, he wrote “After shouting for so many years about institutions entering the market, they've finally arrived!” and added:

“The launch of the Canary Staked TRX ETF demonstrates the growing recognition of the TRON network as critical infrastructure for the global digital economy and provides institutional investors with a new way to access a network that is already powering real-world financial activity at scale.”

Canary Capital expands its crypto ETF portfolio

It is worth mentioning that Canary Capital’s latest launch of the TRX ETF is built on its growing collection of crypto investment products. The platform has already launched or filed for many crypto investment products, including XRP, Litecoin, HBAR, and Solana.

The move also highlights the asset manager’s focus on products that offer more than simple price exposure. By incorporating staking into the TRX ETF, the firm is providing access to potential rewards generated by the underlying blockchain network. At the same time, the investment will stay within a traditional ETF structure.

How does Tron’s growing stablecoin activity help the ETF?

According to Canary Capital CEO Steven McClurg, TRON’s growing role in stablecoin payments and settlements supports the asset manager’s latest move. He noted,

“As stablecoin adoption continues to grow globally, TRON has become a critical piece of the infrastructure powering digital asset payments and settlement. We believe investors are increasingly looking beyond digital assets themselves and toward the networks driving real-world blockchain adoption."

In Q2 2026, TRON reportedly processed about $2.1 trillion in USDT transfers. Its stablecoin market reached around an impressive $89.2 billion. The network also surpassed a total of 15 billion transactions by August.