• Canary Capital has filed with the SEC for a new ETF. 
• According to Nate Geraci, this is the first spot TRX ETF in the US. 
• The fund will also include staking. 

Canary Capital has filed with the US Securities and Exchange Commission (SEC) to launch an ETF based on TRON (TRX). It also includes a clause on asset staking under the control of a trust. 

According to the papers, the trust's investment objective is to provide clients with exposure to the price of TRX. The filing is light on details, including the name of the exchange on which the product will be traded and its ticker symbol. 

However, the company did reveal some details. In particular, BitGo Trust Company will act as the custodian of TRX under the trust's control. It will also include staking, as indicated by the following wording:

"The Trust intends to establish a program to place a portion of the Trust's assets through one or more placement infrastructure providers." 

The ETF Store CEO Nate Geraci said this is the first order for a spot TRX ETF in the US. 

The asset responded to the news with growth. On the daily chart, it is 1.1%. At the time of writing, the coin is trading at $0.24:

It should also be noted that TRX is among the altcoins on the basis of which Grayscale Investments may launch a new fund.