Canary Capital is pushing into new ETF territory with a proposed fund that will hold and stake TRX, the native token of the Tron blockchain. The filing marks one of the first U.S. ETF applications to include crypto staking from the outset. While Ethereum ETF proposals have explored staking post-approval, Canary’s plan builds it in from the start. If approved, the fund could unlock new demand for Tron price and signal that staked yield products are edging closer to regulatory acceptance.
A New Kind of Altcoin ETF
The TRX ETF proposal from Canary Capital stands out in a wave of altcoin-focused filings. Instead of waiting for a green light on the token and later requesting staking privileges, as Ethereum funds have done, Canary is going all in. The ETF would not only hold spot TRX but also stake a portion to generate yield, making it among the first of its kind in the U.S. market.
The Tron blockchain, founded by Justin Sun, operates on a proof-of-stake model, which makes staking a core part of its utility. But Tron’s regulatory track record adds a layer of complexity. Sun is still facing unresolved legal issues with the SEC, though recent developments suggest both sides are working toward a settlement.
Still, Canary’s move reflects growing interest in turning yield-generating crypto assets into investment products with broader market appeal. Whether traditional investors will adopt staked altcoin ETFs remains to be seen, but filings like this show the space isn’t waiting around for permission to innovate. Let’s take a look at the Tron price forecast to see how this development impacts the price of Tron.
Tron Price Prediction for April 19, 2025
The TRX price on the 1-hour chart shows a bearish breakdown from a rising channel after testing resistance near $0.257. Price action has since declined, approaching the support zone around $0.236. The breakdown from the channel suggests a shift in momentum from bullish to bearish. The RSI sits at 37.50, nearing the oversold region but not quite there yet. This indicates weakening momentum, with potential for further downside before a bounce. Previous overbought readings were followed by declines, reinforcing resistance strength.
MACD lines are flat near the zero level, reflecting indecision and low momentum. Both the MACD and signal line are negative, supporting the short-term bearish outlook. If the price fails to hold the $0.236 support, a drop toward the broader support range around $0.222 could follow. On the flip side, if buyers step in, the first hurdle lies at the $0.247–$0.257 resistance zone. Traders should watch for confirmation via volume and reversal signals near support to assess the next move.
A High-Stakes Gamble on Altcoin ETFs
Canary Capital’s TRX ETF filing is a bold bet on staked altcoin funds, but regulatory and market hurdles remain. With Tron’s legal uncertainties and TRX’s bearish technicals, approval is far from guaranteed. Yet, the move signals a growing appetite for yield-bearing crypto products. If successful, it could pave the way for more altcoin ETFs, but for now, traders should watch TRX’s key support levels and regulatory developments closely. The race to innovate isn’t slowing down, even as risks linger.
Source: Coinfomania / Digpu NewsTex