Justin Sun Hints at TRX ETF on SEC Website, Sparking Crypto Community Excitement

Sun, known for his flamboyant online presence and ambitious crypto projects, didn't offer specifics, but his tweet was enough to spark speculation and excitement among TRX supporters and ETF watchers alike.

Justin Sun, the founder of the TRON blockchain, took to X (formerly Twitter) to express his excitement over a TRON (TRX) ETF on the U.S. Securities and Exchange Commission (SEC) website.

“Finally seeing something that makes sense on the SEC website — TRX ETF LFG!!!,” Sun wrote.

While Sun didn’t offer specifics, his tweet was enough to spark speculation and excitement among TRX supporters and ETF watchers alike.

As of this writing, there’s no official announcement from the SEC confirming the approval or listing of a TRX ETF. However, Sun’s tweet does point to a possible filing or registration related to TRON (TRX), the native token of the TRON blockchain.

Given the increasing momentum in crypto ETF approvals — including recent nods for Bitcoin and Ethereum-based ETFs — the possibility of a TRX ETF is not out of the question.

Recently, the SEC approved several crypto ETFs from asset management firms like Invesco and ARK Invest, reigniting interest in the space.

However, it’s worth noting that the SEC has also faced criticism for allegedly delaying the approval process for crypto ETFs, particularly from major digital currency networks like TRON.

If a TRX ETF does get approved, it could open up new avenues for investing in TRON and expand the reach of the cryptocurrency to a wider audience.

This development comes amid a broader narrative of the SEC's alleged difficulties in handling crypto-related matters effectively.

Earlier this week, a federal judge ruled that the SEC’s no-action letter to Block.one, the developer of the EOS blockchain, was an “unconscionable delay” in the agency’s response to the company’s attempt to register its token offering.

The judge's verdict further highlights the challenges faced by the SEC in keeping pace with the rapidly evolving crypto landscape.