Canary Capital Has Launched the First US Spot TRX ETF With Staking

• Canary Staked TRX ETF began trading on Cboe under the ticker TRXS.
• The fund charges a 1.1% annual fee and stakes about 90% of its assets.
• BitGo serves as the digital asset custodian, and Luganodes is the staking provider.

Canary Capital announced the launch of Canary Staked TRX ETF — the first U.S. exchange-traded product that combines direct exposure to TRX with staking yield. On September 9, 2026, the fund began trading on Cboe BZX under the ticker TRXS. 

The fund’s primary investment objective is to track the value of the TRX held on its balance sheet, net of expenses and liabilities. In addition, the structure participates in the TRON network’s Delegated Proof-of-Stake (DPoS) mechanism, and the rewards earned are reflected in net asset value (NAV) rather than paid out separately to shareholders.

According to Canary Capital data, at launch TRXS had $50.25 million in net assets. The fund held about 148.4 million TRX, and the number of shares outstanding reached 2.01 million. NAV at launch was $25 per share. 

Canary charges an annual sponsor fee of 1.1% of the fund’s assets. It accrues daily and is paid monthly in TRX or in cash. 

In addition, up to 20% of staking rewards received is allocated to pay the staking provider, custodian, and sponsor. According to the prospectus, at launch Canary expects this share to be 20%, meaning about 80% of rewards will remain within the fund.