Just came across this news in the past two days! Actually, the crypto community is already familiar with the narrative of projects being hit by ETFs, after all, it's no longer possible to have the same emotions as when $BTC just passed.
However! This time $TRX is playing something different. Canary Capital proposed 19B-4, allowing investors to invest in TRX through a spot ETF while also receiving staking rewards. If the staking model is introduced into the traditional financial circle, it is likely to attract more investors to participate.
From the perspective of crypto users, the simplest angle is to layout $TRX. Playing with crypto is still about emotions, and although whether the proposal will be passed within 45 days is uncertain, the announcement of the result is when expectations are realized.
@justinsuntron @trondao #TRONEcoStar
Canary’s New ETF Bid: Track TRX With Built-In Staking Rewards
🚨 Cboe files to list the first U.S. spot ETF offering $TRX staking exposure.
📄 SEC has 45 days to decide.
💰 Fund tracks TRX via CoinDesk benchmark.
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