SEC Blinks First: Canary Capital’s Tron ETF Gambit Leaves Wall Street Gasping

In a twist worthy of a Moscow spring, the US SEC—those tireless bureaucrats with a penchant for paperwork—has finally tipped its hat to Canary Capital’s staked Tron ETF filing. Picture it: the ink barely dry on their latest delay for other ETFs (yes, staked ETH, we see you sulking in the corner), and suddenly, a new contender waltzes in, waving its 19b-4 form like a magician’s handkerchief.

On Thursday, the Commission, ever the master of suspense, published a notice that reads like an invitation to a masquerade ball: “The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons.” Interested persons? In this market? That’s everyone from Wall Street wolves to your neighbor’s cat who once bought Dogecoin.

Canary Capital, not content with mere whispers in the corridors of finance, filed for this staked Tron ETF back in April—no doubt while sipping strong coffee and plotting world domination. The goal? To offer investors a regulated path to staking rewards and exposure to one of crypto’s more flamboyant proof-of-stake assets. And because every hero needs a trusty sidekick, Bitgo steps in as custodian, presumably armed with keys, codes, and perhaps a dash of existential dread.

Meanwhile, the SEC continues its dance—sometimes forward, sometimes back—leaving us all to wonder: will the staked Tron ETF take center stage, or is this just another act in the grand theater of regulatory intrigue? Stay tuned, comrades. The curtain has only just risen. 🎭🚀

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2025-05-23 15:19