Canary’s TRXS ETF brings staked TRX to US brokerage accounts
Canary has launched a TRXS ETF on Cboe BZX that gives US brokerage accounts exposure to TRX while including staking rewards. The product includes a 1.10% annual sponsor fee and can direct up to 20% of staking rewards to fees.
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US brokerage customers who want TRX exposure are the main group that sees this immediately, because the product is built to be accessible through brokerage accounts. The staking feature is part of the offering from the start, so the product arrives with both TRX exposure and rewards mechanics already attached.
In practice, this adds a listed route to TRX exposure through Cboe BZX, while also setting a fee structure that includes a 1.10% annual sponsor fee and a possible cut of staking rewards. What stays in place is that the product is still tied to TRX rather than changing the asset itself.
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