Cboe BZX Exchange Proposes Listing of Canary Staked TRX ETF Shares
By: bitcoin ethereum news|2025/05/15 17:15:05
0
Share
The Cboe BZX Exchange has submitted a filing (SR-CboeBZX-2025-069) with the U.S. Securities and Exchange Commission (SEC) to list and trade shares of the Canary Staked TRX ETF. This filing proposes to list these shares under BZX Rule 14.11(e)(4), which pertains to the listing and trading of Commodity-Based Trust Shares. Trust Overview The Canary Staked TRX ETF was established as a Delaware statutory trust on February 27, 2025, and operates as a C corporation with no set termination date. The Trust is sponsored by Canary Capital Group LLC. Importantly, the Trust is not registered as an investment company under the Investment Company Act of 1940, nor is it classified as a commodity pool under the Commodity Exchange Act. As such, neither the Trust nor its Sponsor is regulated as a commodity pool operator or commodity trading advisor in connection with the Shares. Listing and Registration Details The Canary Staked TRX ETF shares will be listed and traded on the Cboe BZX Exchange under BZX Rule 14.11(e)(4), which governs the listing of Commodity-Based Trust Shares. The shares are set to be registered with the SEC through the Trust’s registration statement on Form S-1, dated April 18, 2025. This filing outlines the details of the Trust’s operations and structure, confirming its classification outside the scope of traditional investment company and commodity pool regulations. Surveillance and Regulatory Considerations In its filing, Cboe BZX Exchange addresses regulatory concerns regarding the potential for market manipulation and fraud. Since 2017, the SEC has approved exchange filings for Trust Issued Receipts based on whether the listing exchange has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to the underlying commodity. This is known as the “Winklevoss Test.” While this has been the primary standard for approval, the SEC has acknowledged that exchanges may demonstrate sufficient safeguards through alternative means to justify listing without a surveillance-sharing agreement. The filing notes that the Cboe BZX Exchange aims to meet regulatory expectations by demonstrating its capacity to prevent fraudulent and manipulative practices. This proposal highlights the growing interest in offering investors access to new and innovative exchange-traded products based on digital assets like the Canary Staked TRX ETF. Conclusion The Cboe BZX Exchange’s filing to list and trade the Canary Staked TRX ETF represents an important step in expanding the range of exchange-traded products available to investors. By proposing to list the Trust under BZX Rule 14.11(e)(4), the Exchange aligns itself with current regulatory standards while ensuring sufficient mechanisms are in place to safeguard market integrity. If approved, the Trust will offer investors another avenue for exposure to cryptocurrency-linked assets in a regulated environment. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/cboe-bzx-exchange-proposes-listing-of-canary-staked-trx-etf-shares/
You may also like

What can we expect from the crypto market after the SEC and CFTC join forces?
Regulation is the starting point, and the bull market depends on the entry of traditional capital.

Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot

x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?

Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself

SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change

Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.

Three Charts Explain Why S&P Authorized Its Brand to trade.xyz
Over 100x Growth in 6 Months

After the SEC and CFTC Join Forces, What Can the Crypto Market Look Forward To?
Regulation is the starting point; a bull market depends on traditional fund inflows

Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
The narrative of RWA is not about traditional finance capturing crypto users, but rather crypto capturing traditional users.

Morning Report | Kraken freezes IPO plans due to difficult market conditions; Polymarket acquires DeFi infrastructure Brahma; World launches AgentKit integrated with Coinbase
Overview of Important Market Events on March 18

Bitmain, mired in controversy, has found its strongest backing in the United States
Bitmain has been mired in controversies over the safety of its mining machines for years, but this has not stopped it from engaging in business cooperation with key members of the U.S. presidential family.

Full text of the Federal Reserve's decision: Maintain interest rates unchanged and expect one rate cut within the year, with Governor Mulan casting a dissenting vote
The Federal Reserve has again kept interest rates unchanged, stating that the situation in the Middle East has an uncertain impact for now. Governor Milan believes that interest rates should be cut by 25 basis points. The dot plot still indicates an expected rate cut once this year.

Guarding billions in assets, yet unable to sustain itself: Tally bids a dignified farewell after five years
Tally chooses to take proactive stop-loss measures instead of stubbornly selling tokens and making promises that cannot be fulfilled.

SEC’s Stance on Crypto Assets: Most Not Considered Securities
Key Takeaways: The SEC’s new interpretation categorizes most crypto assets as non-securities under federal law. This move aims…

South Korea’s New Crypto Seizure Guidelines After Asset Mismanagement Incidents
Key Takeaways: South Korea’s National Police Agency (KNPA) has drafted guidelines for crypto seizure, with a focus on…

Institutional Confidence in Crypto’s 2026 Growth Trajectory
Key Takeaways: A significant 73% of institutional investors plan to increase their crypto holdings by 2026. Exchange-traded products…

Ethereum Reduces Bridge Times by 98% with Fast Confirmation Rule
Key Takeaways: Ethereum introduces the Fast Confirmation Rule (FCR) aiming to cut bridge times from L1 to L2…

Crypto Firms Advocate DeFi Education in US Colleges
Key Takeaways: Twenty-one crypto organizations have called on US colleges to integrate decentralized finance (DeFi) into their curricula…
What can we expect from the crypto market after the SEC and CFTC join forces?
Regulation is the starting point, and the bull market depends on the entry of traditional capital.
Hawkish Signal in Tightening Mode | Rewire News Brief
Maintaining the interest rate unchanged is within expectations; beyond expectations is the dot plot
x402 and AI Agents: An Emerging Data Economy
x402 How to Perfectly Combine with Data Aggregation and Management?
Illustration: Despite 6 consecutive interest rate cuts, the interest rate outlook is trending upward
Nobody knows the answer, including the Fed itself
SpaceX is playing hardball with Nasdaq at the negotiation table, while Hyperliquid has already flipped the table.
A Cross-Section of Capital Market Gravity Direction Change
Bloomberg: Once Blacklisted by the U.S., Bitmain Finds a New Powerful Backer
Bitmain has been embroiled in mining rig security controversies for years, but that has not stopped it from engaging in business partnerships with key members of the US presidential family.