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Canary Capital crypto ETFs are making waves as the firm moves forward with bold plans in 2025.
The institutional crypto trading group recently filed a registration with the U.S. Securities and Exchange Commission. The filing is for a new exchange-traded fund (ETF) that tracks Tron’s TRX token, including a staking feature. This makes it one of the first staking-enabled crypto ETFs to reach the SEC’s table.
The Canary Staked TRX ETF would hold TRX and participate in staking through trusted providers. BitGo Trust Company has been listed as the ETF’s custodian, ensuring top-tier asset security. The TRX ETF is only the beginning of what Canary hopes will become a broader lineup of crypto offerings. The firm also has plans to launch ETFs tracking Pengu, Sui, Hedera, and Litecoin.
Canary Capital crypto ETFs dive into staking and expansion
In its filing, Canary Capital noted the trust will stake “a portion of its assets” through staking partners. This is an important development, as it blends income generation with exposure to token value. If approved, this ETF would mark a new level of integration between crypto utility and regulated financial instruments.
This surge of filings comes during a more crypto-friendly SEC environment. Since Donald Trump took office in January 2025, the agency has dropped several lawsuits against crypto firms. In contrast, the previous administration led by Gary Gensler was more resistant. However, the approval of spot Bitcoin and Ethereum ETFs in 2024 showed a turning point. Court rulings and mounting pressure forced the SEC to start embracing digital assets.
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Canary Capital crypto ETFs signal broader shift in SEC attitude
Beyond TRX, the market is watching to see which crypto tokens will be next. Competing ETF applications tied to XRP and Solana are also waiting for regulatory green lights. There’s growing hope that the SEC may expand its ETF approvals under the current leadership.
The Tron network, TRX’s home, is a decentralized platform created by Justin Sun. It ranks as the ninth-largest cryptocurrency by market cap, valued at $22.9 billion. TRX’s inclusion in an ETF with staking further validates its place in the crypto elite. Investors who are looking for passive exposure to crypto with added income potential may soon have more regulated options.
Canary Capital crypto ETFs could redefine how institutions and retail investors approach blockchain assets. By adding staking mechanics, they also open new income pathways within a regulated framework.
