固定TRX ETF的金絲雀資本檔案

Canary Capital已正式向美國證券交易委員會（SEC）提交了S-1申請，以提供擬議的交易所交易基金（ETF）

Canary Capital has submitted an S-1 filing with the SEC for a proposed exchange-traded fund that would track the spot price of Tron’s native token, TRX, and use a portion of the fund to be staked in order to generate additional yield.

Canary Capital已向SEC提交了S-1備案，該文件將對擬議的交易所交易基金提交，該基金將跟踪Tron的本地令牌，TRX的現貨價格，並使用該基金的一部分被放置，以產生額外的收益。

The firm is applying to list the fund, named Canary Staked TRX ETF, on the Nasdaq Stock Exchange. It would be the first ETF in the US to provide exposure to TRX.

該公司正在申請在納斯達克證券交易所上列出該基金，名為Canary Staked TRX ETF。這將是美國第一個提供TRX的ETF。

Canary Capital is applying to list the fund, named Canary Staked TRX ETF, on the Nasdaq Stock Exchange. It would be the first ETF in the US to provide exposure to TRX.

Canary Capital申請在納斯達克證券交易所上列出該基金，名為Canary Staked TRX ETF。這將是美國第一個提供TRX的ETF。

The new fund will hold actual TRX tokens and a portion of the fund will be staked with third-party providers, according to the filing.

該文件顯示，新基金將擁有實際的TRX代幣，一部分基金將與第三方提供商一起放置。

It is also being disclosed that BitGo Trust Company will be the custodian for the fund and will have private key control.

還透露，Bitgo信託公司將成為該基金的託管人，並將擁有私鑰控制。

The ETF will seek to reflect the price of TRX based on the CoinDesk Indices, less any applicable fees and expenses.

ETF將尋求根據Coindesk指數來反映TRX的價格，而少於任何適用的費用和費用。

It is part of Canary Capital’s broader strategy to expand its crypto ETF offerings amid a growing regulatory interest in alternative digital assets. The proposed fund’s management fee and ticker symbol have yet to be disclosed.

它是Canary Capital在替代數字資產中越來越多的監管興趣中擴大其加密ETF產品的更廣泛戰略的一部分。擬議的基金的管理費和股票符號尚未披露。

What Is Different About This Filing?

該文件有何不同？

One notable aspect of the Canary Staked TRX ETF is its inclusion of staking in the initial proposal.

金絲雀TRX ETF的一個值得注意的方面是將其包含在最初的建議中。

While other applicants, particularly for Ethereum-based ETFs, initially included staking in their filings, many later removed it in amended versions to align with SEC expectations. Those ETFs are still awaiting regulatory approval.

雖然其他申請人，特別是對於基於以太坊的ETF，最初包括在他們的備案中存放，但後來許多申請人將其刪除，以與SEC的期望保持一致。這些ETF仍在等待監管批准。

Holders of TRX can choose to stake their tokens to earn annual rewards, which is currently around 4.5%, according to StakingRewards.com. They essentially lock up their tokens to contribute to the blockchain’s proof-of-stake consensus mechanism.

根據StakingRewards.com的數據，TRX的持有人可以選擇將其代幣賺取年度獎勵，目前約為4.5％。他們從本質上鎖定了代幣，以促進區塊鏈的證明共識機制。

The ETF aims to integrate this feature to enhance investor returns while fully complying with regulatory guidelines.

ETF旨在集成此功能，以增強投資者的回報，同時完全遵守監管指南。

The filing specifies that staking services will be provided by trusted third parties, although the names of the platforms to be used have not yet been disclosed. BitGo will be the primary custodian, ensuring the safety and efficient management of the assets.

該文件指定，儘管尚未披露要使用的平台的名稱，但信任的第三方將提供Staging Services。 Bitgo將是主要的託管人，以確保資產的安全和有效管理。

The ETF structure is designed to simplify TRX investment access for traditional market participants.

ETF結構旨在簡化傳統市場參與者的TRX投資訪問。

Part Of A Broader Crypto ETF Strategy

更廣泛的加密ETF策略的一部分

Canary Capital’s application for a TRX-focused ETF follows its broader plan to introduce multiple digital asset ETFs in the US.

Canary Capital對以TRX為重點的ETF的應用遵循其更廣泛的計劃，在美國引入多個數字資產ETF。

The Nashville-based asset manager is targeting a wide range of cryptocurrencies for future products, including Sui (SUI), Solana (SOL), XRP, Litecoin (LTC), Hedera (HBAR), and Axelar (AXL).

總部位於納什維爾的資產經理針對未來產品的廣泛加密貨幣，包括SUI（SUI），Solana（Sol），XRP，Litecoin（LTC），Hedera（HBAR）和Axelar（Axelar）（AXL）。

The recent influx of altcoin ETF applications follows the successful launch of Bitcoin and Ethereum ETFs earlier this year.

AltCoin ETF應用程序最近的湧入次數是在今年早些時候成功推出了比特幣和以太坊ETF。

These filings come as the SEC faces increasing pressure to approve more crypto ETFs.

這些文件是隨著SEC面對批准更多加密ETF的越來越大的壓力。

The 11 US-listed spot Bitcoin ETFs have collectively attracted over $35 billion in net inflows over the past 15 months, highlighting the strong institutional demand for crypto investment products.

在過去的15個月中，這11個美國上市的比特幣ETF集體吸引了超過350億美元的淨流入，強調了對加密投資產品的強勁機構需求。

Although there are still regulatory hurdles to overcome, such as the SEC’s stance on staking and the reporting requirements for crypto ETFs, asset managers like Canary Capital are actively expanding their offerings to cater to the evolving needs of investors.

儘管仍有監管障礙要克服，例如SEC對股權的立場以及對加密ETF的報告要求，金絲雀資本等資產經理正在積極擴展其產品，以滿足投資者不斷發展的需求。

As the crypto industry continues to mature and intersect with the traditional finance sector, we can expect to see further innovation and activity in the development of novel investment products like these.

隨著加密貨幣行業繼續成熟並與傳統的金融部門相交，我們可以期望看到這種新型投資產品的發展和活動。