Canary Capital seeks to launch a bargain on the stock market (ETF) according to the price of the native token of Tron, TRX, according to a file.
Friday, the hedge fund submitted an S-1 form for the ETF TRX of Canary with the Securities and Exchange Commission (SEC). As its name suggests, the fund – if it was approved – will set up parts of its assets.
This would be done through third -party suppliers, with Bitgo acting as a guardian for assets. The fund would follow the price in cash by TRX using the calculations of the Coindesk indices.
A proposed ticker as well as product management fees have not yet been shared.
The issuers had initially made requests for candidates on the FNB Ethereum (ETH) with the implementation function included, but deleted them in a file modified later in order to receive the approval of the SEC on their proposals.
While the dry under the former president Gary Gensler was strictly against the markup, the issuers have more hoped that they will be able to add the functionality to their ether funds, among others, with the appointment of the president of the Cryptoso-Amicals Paul Atkins.
A decision on a February request from Grayscale to make it possible to mark the ETF of Grayscale ETF Trust (Ethe) and the Grayscale ETF Trust ETF (ETH) were postponed by the regulator just days ago.
