Canary Capital’s Staked Tron ETF Set to Begin Trading on Cboe September 9

• Canary Capital’s Staked Tron ETF is set to begin trading on Cboe on September 9 under the ticker TRXS.
• The fund plans to stake its $TRX holdings and pass 80% of staking rewards to shareholders.

Canary Capital’s staked Tron ETF is set to begin trading on the Cboe BZX Exchange on September 9, according to Bloomberg ETF analyst Henry Jim. The fund will trade under the ticker TRXS and will give investors exposure to $TRX through a traditional exchange-traded product.

The ETF is designed to do more than track the price of Tron’s $TRX token. Under Canary Capital’s latest SEC filing, the fund plans to stake substantially all of its $TRX holdings through the Tron network. The staking rewards would be shared between the fund and service providers, with the trust retaining 80% of the rewards after staking fees.

However, the launch date has not been officially confirmed by Canary Capital, and its SEC filing remains preliminary.

TRXS Combines $TRX Exposure With Staking Rewards

The structure gives investors a way to gain $TRX exposure through a brokerage account without directly holding and staking the cryptocurrency themselves. The fund’s primary objective is to track the value of $TRX held by the trust, while its secondary objective is to generate additional $TRX through staking.

Canary’s August 19 amended registration statement lists a 1.10% annual sponsor fee for the fund. Staking fees are capped at 20% of the rewards generated, leaving the remaining 80% for the trust. BitGo Bank & Trust is named as the $TRX custodian, while the U.S. Bank will handle cash custody.

The proposed ETF has been in registration with the SEC since 2025, with Canary updating its filing to include the ticker, Cboe listing plans, custody arrangements and staking terms. The latest reports indicate that the fund is now scheduled to begin trading on September 9.

If the listing proceeds as scheduled, TRXS will give U.S. investors another regulated market route to gain exposure to $TRX while also receiving a share of the network’s staking rewards.