- Staking crypto ETFs—because why just hold when you can let the blockchain steal your time with style? The Trump era might just wink and nod at this madness. 🤡
- TRX is tiptoeing toward its macro price discovery like a shy poet stepping onto the roaring stage of the marketplace.
On April 18, Canary Capital Group filed with the almighty gatekeepers of the United States Securities and Exchange Commission an offer: the Canary Staked TRX ETF. Like some whispered secret in a smoky tavern, this fund promises to follow Tron (TRX) and let investors nap passively while stakes grow quietly on the blockchain’s verdant fields.
The document tells us CSC Delaware Trust plays trustee, the good ol’ reliable watchman, while BitGo Trust Company holds the treasure chest safe—no pirate shenanigans here, just cold digital custody.
Yet, the fees and ticker remain shrouded in mystery, as ambiguous as a poet’s muse, hinting that more amendments will sneak in like shadows at dawn.
Canary Capital’s Bold Crypto Dance
Canary Capital, seizing opportunity amidst the eccentric chaos of the Trump administration’s crypto policy buffet, files away, hopeful for several spot ETFs to rise like phoenix memes. Sui, Pudgy Penguins, Solana, XRP, and Hedera strut the stage—a menagerie of digital dreams.
TRX Market’s Promising Whispers
This filing, a trumpet call to institutional eyes, reveals a growing lust for Tron. With a valuation nearing $22.8 billion and a daily trading volume flirting with $464 million, TRX looks poised to climb after recently tossing a bullish bonnet in the air.
On the daily stage, TRX has already sung a higher high, aspiring now to make a trusty little nest at 24 cents. Should it perch there and flirt with the 50-day Moving Average, a bullish uproar towards 30 cents might ensue—like a dog spotting a squirrel and refusing to stay calm.
The Grand Tron Opera
The Tron network dances proudly in the DeFi spotlight, boasting over $4.9 billion locked in treasure chests and a stablecoin empire valued at over $68 billion. Defillama whispers of 2.3 million active players in the last day, generating about $1.82 million in chain revenue—like a bustling bazaar of digital fortune.
After a few months of soft silence under Biden’s watchful eye, Tron tiptoes back into the United States market, sly as a fox who’s learned not to ruffle feathers… yet.
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2025-04-19 01:39