Canary Capital applies to SEC to launch TRX Staked ETF

Canary Capital Group has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch the Canary Staked TRX ETF. The ETF will be custodied by BitGo for TRX assets, with the NAV referencing CoinDesk Indices' price benchmark. Subscriptions and redemptions will be conducted in cash by authorized participants.