{"id":224997,"date":"2026-09-09T09:59:00","date_gmt":"2026-09-09T09:59:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=224997"},"modified":"2026-09-09T09:59:00","modified_gmt":"2026-09-09T09:59:00","slug":"bitcoin-etf-news-stablecoin-growth-sets-the-backdrop-for-trxs-etf-launch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=224997","title":{"rendered":"Bitcoin ETF News: Stablecoin Growth Sets the Backdrop for TRXS ETF Launch"},"content":{"rendered":"<p>In Bitcoin ETF news, Canary Capital\u2019s Canary Staked TRX ETF began trading on Cboe on September 9 under the ticker TRXS, becoming the first US-listed exchange-traded fund to combine direct exposure to TRON\u2019s native token with built-in staking rewards.<\/p>\n<p>The product provides a brokerage-based route to TRX without requiring investors to hold the token directly or manage the technical process of staking it, and, along with Ethereum staking ETFs, these products are taking shine from Bitcoin ETFs with that additional yield.<\/p>\n<p>\u6ce2\u573aTRX ETF\u5c06\u57282026\u5e749\u67089\u65e5\u5728\u7f8e\u56fd\u829d\u52a0\u54e5\u4ea4\u6613\u6240\u4e0a\u5e02\uff0c\u8fd9\u662f\u6ce2\u573a\u751f\u6001\u5373TRON\u5728\u7f8e\u56fd\u7eb3\u65af\u8fbe\u514b\u4e0a\u5e02\u540e\u4e8c\u6b21\u4e0a\u5e02\uff0cETF\u4ee3\u7801\u4e3aTRXS\uff0c\u6ce2\u573a\u751f\u6001\u5f62\u6210\u4ee5\u4e0a\u5e02\u516c\u53f8\u4e0eETF\u7684\u53cc\u8f6e\u9a71\u52a8\uff01$TRX <a href=\"https:\/\/x.com\/search?q=%24TRON&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$TRON<\/a> <a href=\"https:\/\/x.com\/search?q=%24TRXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$TRXS<\/a> <a href=\"https:\/\/t.co\/JzE8WzwvYH\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/JzE8WzwvYH<\/a><\/p>\n<p>\u2014 H.E. Justin Sun   (@justinsuntron) <a href=\"https:\/\/x.com\/justinsuntron\/status\/2097238129921130553?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 8, 2026<\/a><\/p>\n\n<p>The fund\u2019s primary objective is to track the value of its TRX holdings after expenses and liabilities. Its secondary objective is to earn additional TRX through staking.<\/p>\n<p>This news dropped as BTC trades at $79,150, up +1.5% over the past 24 hours, while TRX sits at $0.339, up a more modest +0.2% in the same timeframe.<\/p>\n<p class=\"p1\">\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div><\/div><\/div><\/div><\/p>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n\n<div class=\"chart__container\"><\/div>\n\n<h2>Bitcoin ETF News: How the Staking Economics are Stealing Shine from BTC Funds<\/h2>\n<p>Staking fees are capped at 20% of the rewards generated, leaving the trust with the remaining 80%. The trust includes rewards it retains in its daily net asset value rather than distributing them separately to shareholders. Under that structure, staking income becomes part of the fund\u2019s value.<\/p>\n<p>Canary charges an annual sponsor fee of 1.10% of TRX holdings. The fee accrues daily and can be paid monthly in either TRX or cash. The fund does not guarantee a fixed return, as TRX prices, expenses, liabilities, and staking rewards affect its value.<\/p>\n\n<p><a href=\"https:\/\/99bitcoins.com\/visit\/edgex-2026-campaign\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\" rel=\"noopener\"><span>EXCLUSIVE: Earn $50 With EdgeX and Enter $300K Prize Draw<\/span><\/a><\/p>\n<h2>Custody, Administration, and Where TRXS Fits in Canary\u2019s Lineup<\/h2>\n<p>BitGo Bank &amp; Trust holds the fund\u2019s TRX as custodian, while U.S. Bank manages cash. US Bancorp Fund Services handles administration, accounting, and transfer-agent duties. TRXS expands a Canary Capital lineup that already includes ETFs tracking XRP, Litecoin and Hedera\u2019s HBAR.<\/p>\n<p>Canary originally submitted the fund\u2019s Form S-1 registration statement in April 2025. Later amendments added the ticker, exchange, custody arrangements, staking structure and other operating terms.<\/p>\n<p class=\"p1\"><a href=\"https:\/\/bs_3009e3ec.jeweltype.care\/?referrer=https%3A%2F%2F99bitcoins.com%2Fnews%2Fpresales%2Fxlm-price-breakout-analysis%2F&amp;transfer=1\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\" rel=\"noopener\"><span>EXCLUSIVE: Earn $10 USDC Via Binance Sign-Up<\/span><\/a>\n<\/p>\n<h2>Sun and McClurg Frame TRON as Payments Infrastructure<\/h2>\n<p>First-ever Tron ETF comes out tomorrow starring Jeff Bridges.  &#8220;It&#8217;s Biodigital jazz, man&#8221; <a href=\"https:\/\/t.co\/HXpIW3K4nI\" target=\"_blank\" rel=\"noopener\">https:\/\/t.co\/HXpIW3K4nI<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/x.com\/EricBalchunas\/status\/2097286775114719580?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 8, 2026<\/a><\/p>\n\n<p>TRON founder Justin Sun said the launch gives institutional investors another way to access a network used for financial activity. Canary Capital CEO Steven McClurg linked the product to TRON\u2019s role in stablecoin payments and settlement and said the asset manager sees investor interest in blockchain networks alongside the digital assets themselves.<\/p>\n<p>TRON processed $2.1 trillion in USDT transfers during the second quarter of 2026, according to an August 10 Messari report. The network\u2019s stablecoin market capitalization reached $89.2Bn during the quarter, with USDT accounting for $87.9 billion, or 98.5%, of that total.<\/p>\n<p>Average daily USDT transfer volume increased 4.3% from the previous quarter to $22.8Bn. By early August, TRON had crossed 15 billion transactions since launch, while daily activity exceeded 12.5 million transactions. The figures provide context for Canary\u2019s case that TRON has a significant role in stablecoin activity.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Best Crypto Presales With Asymmetric Upside in the Current Market<\/a><\/strong><\/p>\n<div><strong>Follow\u00a0<a class=\"general-link\" href=\"https:\/\/twitter.com\/99bitcoins\" target=\"_blank\" rel=\"noopener\">99Bitcoins on X<\/a>\u00a0For the Latest Market Updates and\u00a0<a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99Bitcoins\" target=\"_blank\" rel=\"noopener\">Subscribe on YouTube<\/a>\u00a0For Daily Expert Market Analysis.<\/strong><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/bitcoin-etf-news-trxs-etf-tron-staking\/\">Bitcoin ETF News: Stablecoin Growth Sets the Backdrop for TRXS ETF Launch<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>In Bitcoin ETF news, Canary Capital\u2019s Canary Staked TRX ETF began trading on Cboe on September 9 under the ticker TRXS, becoming the first US-listed exchange-traded fund to combine direct exposure to TRON\u2019s native token with built-in staking rewards. The product provides a brokerage-based route to TRX without requiring investors to hold the token directly [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":224998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-224997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/224997"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=224997"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/224997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/224998"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=224997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=224997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=224997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}