First US spot TRX ETF with staking starts trading
The first US exchange traded fund with exposure to Tron plus staking starts trading on Wednesday, 9 September 2026. The issuer is Canary Capital and the ticker is TRXS. According to The Block, this is the first staked ETF tied to Tron on the American market, giving access to the TRX token through regular brokerage accounts.The product logic is simple: the fund holds TRX, and network proof-of-stake rewards are reflected in net asset value.
Fig. 1. TRX price over 30 days, USD. 9 September at 0.3388 USD, period low 0.3222 USD on 2 September. Source: CoinGecko market data.
What is known about the launch
The news itself is short: who, what, when. The Canary Staked TRX ETF under the TRXS ticker reaches the market on 9 September. Tron founder Justin Sun called the launch a recognition of the Tron network as infrastructure for the global digital economy. Canary CEO Steven McClurg linked the Tron bet to stablecoin growth: the network is widely used for transfers and settlement.- Issuer - Canary Capital, fund - Canary Staked TRX ETF;
- Ticker - TRXS, trading start - Wednesday, 9 September 2026;
- Asset - TRX, the eighth largest crypto with about 32.1 bln USD in market cap, according to The Block;
- Staking - network rewards are reflected in fund NAV, according to Canary.
TRX price before the debut
TRX approaches the launch calmly, without a hype candle. According to The Block, the price is about 0.34 USD, market cap about 32.2 bln USD, circulating supply 94.9 bln tokens and daily volume 331.5 mln USD. CoinGecko daily data for 30 days shows a similar picture: 9 September at 0.3388 USD after a dip to 0.3222 USD on 2 September and a high of 0.3448 USD on 25 August.Fig. 2. TRX versus reference levels, USD. Current 0.34 USD sits well below the 0.43 USD all time high. Source: The Block data.
So the market does not pump the price into the event in advance, and in my view this is a healthy backdrop.
Why Tron
The issuer case is built around stablecoins. Tron is widely used for USDT transfers because of low fees and speed, and each transfer needs TRX for network energy. Over the past year Canary has already launched ETFs on HBAR, Litecoin and XRP, so TRX extends a line of altcoin funds with a clear utility story.
ℹ INFO
The main practical point is that this is a spot fund with staking, not a futures fund. Investors get TRX exposure plus the staking effect inside NAV, without self delegation or key custody.
What comes next
After the debut two numbers matter: TRXS trading volumes and the deviation of the fund price from TRX spot.
⚠ IMPORTANT
The risks are standard for crypto funds: TRX volatility, regulatory surprises and staking mechanics. The launch itself does not guarantee a higher TRX price.