Canary Capital is looking to launch a quoted fund in Exchange (ETF) that tracks the price of Tron native token, TRX, according to a presentation.
The coverage fund presented an S-1 form for the Canary ETF TRX with the Bag and Securities Commission (SEC) on Friday. As the name implies, the background, if approved, would bet portions of their holdings.
This would be done through third -party suppliers, with Bitgo acting as a custodian for assets. The Fund would track the TRX spot price using Coindesk indexes.
A proposed ticket, as well as the product administration rate have not yet been shared.
The emitters had initially submitted requests for ETF Spot Ethereum (ETH) with the rethinking characteristic included, but eliminated them in a presentation amended later to receive the approval of the SEC on their proposals.
While the SEC under former President Gary Gensler was strictly against rethinking, the issuing people have become more hopeful that they can add the characteristic to their ether funds, among others, with the appointment of the cryptographic president Paul Atkins.
The regulator postponed a decision on a February application of the gray scale to allow the rethinking in the ETF Ethereum Trust on the gray scale and the ETF (ETH) of Ethereum Mini Trust of the gray scale (ETH) only a few days ago.
