與SEC一起使用Canary Capital Files S-1表格，為TRON的TRX加密貨幣提出了一個現貨交換基金（ETF）

擬議的ETF獨特地包括在TRX現貨價格的情況下放入獎勵。這標誌著它是美國第一個提出的ETF，既可以提供市場敞口又提供積分產量。

Canary Capital has filed for a spot exchange-traded fund (ETF) that would track TRON’s TRX cryptocurrency and include its staking rewards, according to a Monday filing with the Securities and Exchange Commission.

根據美國證券交易委員會的一份提交，Canary Capital已向現貨交易所交易基金（ETF）申請，該基金將跟踪Tron的TRX加密貨幣並包括其存放獎勵。

The proposed ETF, named Canary Staked TRX ETF, seeks to provide both capital appreciation from TRX’s spot price and yield-bearing returns from its staking mechanism. Third-party providers will manage the staking services, and BitGo Trust Company will serve as custodian. The ETF will use CoinDesk Indices for pricing data, and its fee and ticker are yet to be determined.

擬議中的ETF名為Canary Staked TRX ETF，試圖從TRX現貨價格和其堆積機制中獲得屈服的回報。第三方提供商將管理Staging Services，而Bitgo Trust公司將擔任保管人。 ETF將使用Coindesk索引進行定價數據，其費用和股票尚未確定。

This marks the first proposed spot ETF in the U.S. to offer both market exposure and staking yield. Most crypto ETF applicants have removed the staking components from their filings to comply with SEC requirements.

這標誌著美國第一個提議的ETF既可以提供市場曝光率又提供積分產量。大多數加密ETF申請人都將歸檔組件從其文件中取出，以符合SEC要求。

However, Canary’s direct inclusion of staking in its S-1 filing puts current regulatory boundaries on yield features to the test.

但是，Canary將其直接包含在其S-1檔案中，這將當前的監管邊界限制在測試中。

The SEC’s Stance on Staking

SEC的立場

Historically, the SEC has opposed investment products offering direct staking features. The commission previously indicated that such services could involve the sale of unregistered securities, leading firms to amend their filings of futures ETFs earlier this year to remove any mention of staking.

從歷史上看，美國證券交易委員會（SEC）反對提供直接積分功能的投資產品。委員會先前表示，此類服務可能涉及出售未註冊的證券，導致公司在今年早些時候修改其期貨ETF的申請，以刪除任何對股權的提及。

While the SEC might be rolling out new crypto rules after Trump’s return to power and the regulator is reportedly planning to approve the first-ever Bitcoin ETFs this year, it remains hesitant on staking ETFs.

儘管SEC在特朗普重返權力後可能會推出新的加密規則，並且據報導，監管機構計劃批准今年有史以來的第一個比特幣ETF，但它仍然猶豫不決。

Earlier this year, the SEC postponed Grayscale’s request to add staking to its existing ETH Trust products.

今年早些時候，SEC推遲了Grayscale的要求，要求將其添加到現有的ETH Trust產品中。

And in this instance, TRON founder Justin Sun’s SEC history adds another layer of complexity. Sun was personally charged in 2023 with manipulating TRX and BTT tokens to inflate their prices. Though a settlement is pending and could arrive this year, the case is still pending and could impact the Canary’s application.

在這種情況下，Tron創始人Justin Sun的SEC歷史增加了另一層複雜性。 Sun在2023年被指控操縱TRX和BTT代幣以使其價格膨脹。儘管定居點正在待定，並可能在今年到達，但此案仍在待處理中，可能會影響金絲雀的申請。

What About TRON’s Market Position?

那特隆的市場地位呢？

TRX is currently ranked tenth on the top ten crypto list by market cap, valued at over $22 billion.

TRX目前在市值中排名前十的加密貨幣排名第十，價值超過220億美元。

Data from StakingRewards shows that TRX offers an annual percentage yield of roughly 4.5% to those who stake their tokens, making it attractive to income investors.

來自Stakingwards的數據表明，TRX的年度百分比為約4.5％，使其具有代幣的人，使其對收入投資者有吸引力。

The TRON network is also a market leader for stablecoin volume, specifically USDT, ranking second globally in transactions due to its high capacity and low fees. This usage of USDT drives the majority of TRON’s network activity.

TRON網絡還是Stablecoin量的市場領導者，特別是USDT，由於其高容量和低費用，在交易中排名全球。 USDT的這種使用驅動了TRON網絡活動的大部分。