Canary Files Fourth Staked TRX ETF Amendment With 1.10% Fee
Canary Capital has filed Amendment No. 4 to its registration statement for the Canary Staked TRX ETF, giving investors more detail on the proposed fund’s fee structure and staking approach.
The filing, submitted on August 19, discloses a 1.10% management fee. It also outlines a staking strategy under which up to 90% of the trust’s assets could be staked.
That makes this more than a routine ETF paperwork update.
The proposed fund would not simply hold TRX as a passive asset. It would introduce staking into the ETF wrapper, creating a different risk and return profile from a standard spot crypto fund.
Still, the most important detail is regulatory status: the ETF has not been approved. This is a registration amendment, and the required 19b-4 rule change process remains separate.
TL;DR
- Canary filed Amendment No. 4 for its proposed Staked TRX ETF.
- The filing discloses a 1.10% management fee.
- Up to 90% of trust assets could be staked, but the ETF has not been approved.
Why The Staking Detail Matters
Staking changes the nature of a crypto ETF.
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