Canary Capital Launches Staked TRX ETF on Cboe
TRON (TRX)
Editor:
Eugene Serbin
Cryptobriefing.com reports that Canary Capital is launching the first US ETF to provide spot TRX exposure combined with staking rewards. The fund, trading under the ticker TRXS, begins trading on the Cboe BZX Exchange on September 9. It allows brokerage account holders to earn yield from Tron’s proof-of-stake network without managing a crypto wallet.
The ETF will stake at least 90% of its holdings, with 80% of net staking income flowing into the fund’s net asset value. A 1.10% annual sponsor fee applies, which is higher than the 0.19% to 0.25% charged by spot Bitcoin ETFs. Custody is split between US Bank for cash and BitGo Bank & Trust for the TRX holdings.
Justin Sun confirmed the listing details on September 8, noting TRX was trading near $0.34 with support around $0.33. This product could set a precedent for unlocking staking across the broader US crypto ETF market.
How the market reacted
Whalio's own Binance spot order flow for TRX, measured when this story was written up on 8 September 2026. Not the outlet's figures.
Whalio data shows TRX trading at $0.3346 with a 1-hour buy ratio of 40.3%, indicating immediate selling pressure after the 24-hour average of 50.5%. However, the 4-hour buy ratio sits at 61.9%, suggesting that buying interest is building over a slightly longer timeframe. The 1-hour volume delta is negative at -$152,288, while the 4-hour delta is positive at +$1,523,593. This shift from short-term outflows to medium-term inflows suggests that initial selling has been absorbed by buyers. The cumulative volume delta for the day remains positive at +$4,149,388, with net buying occurring in 17 of the last 24 hours.
The latest daily buy ratio of 49.7% sits at the 33rd percentile of the last 322 days, against a median of 52.4% - ordinary for this coin.
Was that an ordinary day?
The same Binance spot measurements for TRX, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 51.6%, making today’s 24-hour ratio of 50.5% slightly below the weekly norm. Volume was measured at 0.90x the average, indicating a quieter trading day than usual. The coin saw net buying on only 4 of the past 7 days, with a total volume delta of -$1,455,624 over that period. This contrasts with today’s positive 24-hour delta, marking a shift from the previous week’s net outflow. The price change over the 8-day period was minimal at +0.6%, reflecting a generally stable but low-momentum trend.