Trx Staking ETF? Canary Capital Turns Crypto Circus Into a Comedy 🎭

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Ah, mesdames et messieurs, behold the esteemed Canary Capital, that grand puppeteer of American assets, now daring to dance with the notorious Tron blockchain’s cherished coin—TRX, as the humble papers reveal! 🎩

Their noble fund pronounces it shall clutch the very spot TRX, and—sacrebleu!—stake some tokens as well to squeeze extra yield, as if squeezing a lemon at a royal banquet.

By the grace of CoinMarketCap, TRX parades a market crown surpassing $22 billion, whilst Stakingrewards.com boasts a yield of 4.5%—a tempting morsel for any gourmand of gains.

This filing is but one jewel in the treasure chest of altcoin ETFs flooding the court, yet Canary’s approach? A curious chef cooking staking into the very first course, unlike others who wait, serving it at the end of the feast after tedious regulatory approval ceremonies.

Tron itself, a proof-of-stake contraption, owes its birth to the young Justin Sun, proprietor also of Rainberry (formerly Bittorrent), spinning the threads of the BitTorrent protocol.

Alas! Our young imp was sued by the mighty SEC in March 2023, accused of inflating Tron and BTT prices as grandly as a jester inflates his cheeks—though, perhaps less charmingly. ⚖️

By February, the SEC and Sun petitioned the judge for a pause, hoping to negotiate a truce rather than continue the legal joust.

Crypto Circus

Enter the Altcoin ETF Carnival 🎪

Since the dawn of Trump’s reign in the White House, an avalanche of crypto investment proposals has rained upon US regulators, a veritable carnival of financial fantasies!

They parade layer-1 princes like Solana (SOL) and even jesters like Official Trump (TRUMP), proving that in crypto, all roles have their stage.

Since the year twenty and twenty-four, Canary has unveiled several hopeful ETFs for treasures like Litecoin (LTC), XRP (XRP), Hedera (HBAR), Axelar (AXL), Pengu (PENGU), and Sui (SUI)—as if collecting all the rare cards in the deck.

Yet, not all wise men applaud: the crypto sage Alex Krüger proclaims that most of these ETFs shall flounder, devouring the issuers’ coins like gluttonous goblins, leaving few grand fortunes behind.

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2025-04-19 00:34