First US Staked Tron ETF Debuts With a 1.10% Fee
The first US staked Tron ETF has reportedly begun trading with a 1. 10% sponsor fee, a charge that lands well above the rates on rival staking funds already on the market.
First US Staked Tron ETF Launches With a 1.10% Fee
The Canary Staked TRX ETF, ticker TRXS, started trading on Cboe on September 9, 2026, and is described as the first US spot TRX fund with staking, according to reporting from Unchained. That account also puts the fund’s inception on September 8. The issuer’s official page was inaccessible at the time of writing, so the launch details remain attributed reporting rather than confirmed issuer disclosure. For related coverage, see Ethereum Quantum Staking Proposal: First Defense Step.
The same reporting lists a 1.10% sponsor fee, roughly $50.25 million in net assets, and 90% of holdings staked through Luganodes. These figures are reported, not independently verified issuer data, and the fee basis, any waivers, and total staking deductions are still unclear. For related coverage, see Best Crypto Under $1? Apeing Raises Over $10K in the First 30 Minutes at $0.0001 as Solana and XRP Rally .
TRXS sponsor fee — reported
1.10%
Reporting also indicates the trust is not registered under the Investment Company Act of 1940, meaning it would lack the protections that apply to registered investment companies. Without an accessible prospectus or exchange order, that structural detail should be treated as attributed reporting rather than settled fact. For related coverage, see Lubin to Run MetaMask as Consensys Moves Protocol Work.
How the Tron ETF’s Fee Compares With Rival Staking Funds
The 1.10% figure sits at the high end of a widening field of US staking products. Morgan Stanley’s ethereum and solana ETPs, MSSE and MSOL, each carry a 0.14% fee, the lowest in both categories, Unchained reported in July. A Grayscale Hyperliquid staking ETF was reported at 0.29%, though that rival’s disclosure was not directly verified. For related coverage, see U.S. Treasury Sanctions Xinbi Guarantee Over Cyber Scams.
On a constant $10,000 holding, a 1.10% annual asset-based fee would work out to roughly $110 a year, against about $14 at Morgan Stanley’s 0.14% rate. That is a conditional illustration based on the reported rates, not a performance comparison, and the funds hold different underlying assets across different structures.
The spread underscores a broader theme visible in Wall Street’s move into staking-enabled funds: as more issuers add on-chain rewards to wrapped products, headline fees are diverging sharply between incumbents competing on price and newer single-asset entrants. It echoes the design debates around staking mechanics seen in efforts to harden Ethereum’s staking layer as the product category matures.
What Investors Should Check Beyond the Headline Fee
A sponsor fee alone does not establish total cost or expected return. Reward treatment, custody arrangements, any additional staking deductions, and possible unstaking restrictions all shape net economics, and none of those were available in verified form for TRXS.
Variable staking rewards do not guarantee an offset to the fee or protection against a decline in the underlying token. TRX traded at $0.3384 on September 9, down about 0.11% over 24 hours, with a market cap near $32.1 billion and roughly $322 million in daily volume. Broad market sentiment sat at 66, or “Greed,” on the Fear & Greed Index the same day.
Before treating any of the fund-specific figures as final, investors should look for the official prospectus and exchange confirmation, since the fee, asset total, and staking terms above rest on secondary reporting that could not be corroborated against issuer documents.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.