金丝雀资本文件与SEC的S-1表格注册，以启动TRON（TRX）加密货币点ETF

此举是为了基于TRON（TRX）加密货币推出现货交换基金（ETF）。该提出的ETF将与基于股份的奖励功能保持TRX令牌。

Canary Capital has officially filed an S-1 registration with the Securities and Exchange Commission (SEC) to launch a spot exchange-traded fund (ETF) based on the Tron (TRX) cryptocurrency.

Canary Capital已正式向美国证券交易委员会（SEC）提交了S-1注册，以基于TRON（TRX）加密货币启动现货交易所资金（ETF）。

The proposed ETF will hold TRX tokens and also provide stake-based reward functions to investors. This will create a unique dual-functioning investment tool for TRON investors, which is not present in U.S. financial markets.

拟议的ETF将持有TRX令牌，并向投资者提供基于股份的奖励功能。这将为TRON投资者创建独特的双功能投资工具，该工具在美国金融市场中不存在。

The filing states that BitGo Trust Company will be the protective authority of ownership for TRX assets. The fund’s sponsor role will be taken by Canary Capital. An ETF investment strategy centers on delivering TRX price exposure together with participation in yield generation through staking for investors.

申请指出，Bitgo信托公司将成为TRX资产所有权的保护权。该基金的赞助商角色将由Canary Capital扮演。 ETF投资策略旨在通过投资者的积分来提供TRX价格敞口，并参与产生产量。

Justin Sun, the founder of Tron, took to the social media platform X to share his perspective regarding the TRON news. He urged U.S. investors to take immediate action.

Tron的创始人贾斯汀·孙（Justin Sun）带到了社交媒体平台X，分享了他对Tron新闻的看法。他敦促美国投资者立即采取行动。

According to Sun, TRX is a stellar investment as its market value should grow steadily. In turn, investors from American venture capital institutions should begin purchasing TRX tokens now.

根据Sun的说法，TRX是一项出色的投资，因为其市场价值应稳定增长。反过来，美国风险投资机构的投资者现在应该开始购买TRX令牌。

“US VCs should start buying TRX — and fast. Don’t wait until it’s too late. TRX is a price that only moves one way: up,” he stated.

他说：“美国风险投资人应该开始购买TRX - 而且很快。不要等到为时已晚。TRX是一个只能移动的价格：向上。”

The proposed measure faces multiple obstacles during its current implementation. The SEC facilitates pushback against ETFs that incorporate staking services within their structures according to its previous actions.

拟议的措施在当前实施过程中面临多个障碍。 SEC促进了反对ETF的阻塞，该ETF会根据其先前的行动在其结构中纳入均值服务。

The previous attempts by similar Ethereum ETF proponents had to discontinue staking elements because of regulatory reasons. The SEC maintains that different staking services fall under the category of unregistered securities thus causing legal challenges.

由于监管原因，类似的以太坊ETF支持者先前的尝试不得不停止放产要素。 SEC坚持认为，不同的积分服务属于未注册证券类别，从而造成了法律挑战。

TRX ETF Could Attract Both Retail and Institutional Investors

TRX ETF可以吸引零售和机构投资者

Despite this, some firms continue to push forward. For example, Grayscale is advocating for ETFs that include staking and broader crypto exposure. Other nations are currently succeeding with their efforts to create crypto ETFs. Canada is moving toward introducing the very first Solana ETFs to operate as spot products in North American markets. Independent sources indicate that BlackRock plans to introduce exchange-त्रेaded funds (ETFs) for XRP and Solana (SOL) in the near future as the top asset management corporation worldwide.

尽管如此，一些公司仍在继续前进。例如，灰度倡导ETF，包括桩和更广泛的加密货币暴露。目前，其他国家正在成功创建加密ETF。加拿大正在朝着引入第一个在北美市场上作为现货产品运行的Solana ETF。独立资料表明，BlackRock计划在不久的将来作为XRP和Solana（SOL）为XRP和Solana（SOL）引入交易所的资金（ETF）作为全球最高资产管理公司。

There remains uncertainty about the potential future of the Canary TRX ETF. The risk increases because of the SEC’s stern position regarding staking while Justin Sun faces longstanding controversies. The Tron network has previously been accused of being used for illegal activities. Although the team behind Tron denies these claims, they may still affect the ETF’s chances of approval.

金丝雀TRX ETF的潜在未来仍然存在不确定性。由于SEC在裁决方面的严厉位置，贾​​斯汀·孙（Justin Sun）面临长期存在的争议，风险增加了。 TRON网络以前被指控用于非法活动。尽管Tron背后的团队否认了这些主张，但它们仍可能影响ETF的认可机会。

Data from CoinMarketCap indicates that Tron (TRX) maintains a market capitalization of $23 billion with a current trading rate of $0.2427. TRX continues to be one of the major active participants in the cryptocurrency market.

来自CoinMarketCap的数据表明，TRON（TRX）的市值为230亿美元，目前的交易税率为0.2427美元。 TRX仍然是加密货币市场中主要的活跃参与者之一。

If the ETF is approved, it would create a significant advancement for the industry sector. The United States has not witnessed an ETF delivering combined exposure to crypto assets while paying staking rewards until this point. Retail along with institutional investors may show interest in this structure as a way to obtain returns above basic price appreciation.

如果ETF获得批准，将为行业带来重大进步。到目前为止，美国尚未目睹ETF的共同曝光率，同时支付积分奖励。零售与机构投资者可能对这种结构表现出兴趣，以此作为获得基本价格赞赏的回报的一种方式。

Lastly, if approved, the TRX ETF from Canary Capital will create significant possibilities for the crypto investment space. Time will determine whether U.S. regulators accept the innovative approach made possible by spot exposure combined with staking rewards.

最后，如果获得批准，Canary Capital的TRX ETF将为加密投资领域创造很大的可能性。时间将确定美国监管机构是否接受通过现场暴露与放养奖励相结合的创新方法。