I was still shocked to see this news.

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BITWU.ETH
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5 hours ago

I was still shocked to see this news. It turns out that while we are enjoying the fruits of Sun Brother @justinsuntron, he has quietly accomplished something big.

Just three days ago, the Canary Staked TRX ETF officially landed on the US Cboe, with the code $TRXS, making it the first physical staking TRX ETF in the US.

This means that in the future, the American people will not need to register on exchanges, nor use wallets and private keys; they can directly purchase exposure to TRX through their securities accounts.

As of September 10, TRXS has already held about 148 million TRX, with an asset scale of approximately $50 million.

From my perspective, I think the American people will be quite interested in the TRON ETF, mainly because TRON has already become one of the most important stablecoin settlement networks in the world, and TRC20 USDT has almost become a kind of infrastructure.

Moreover, TRXS adds an additional layer of staking return, essentially packaging "TRX price + TRON network growth + staking returns" into a product that can be bought through a traditional securities account, which is something Americans like.

The Bitcoin ETF sells digital gold, the ETH ETF sells a smart contract platform, while the TRX ETF should really be selling the story of the payment infrastructure of the stablecoin era.

There has always been a lot of controversy surrounding Sun Brother, but one thing cannot be denied: he really can get things done, and he really can endure.

Sun Brother @justinsuntron knows how to play. We will observe TRXS's net subscriptions and AUM growth rate over the next month; that will determine whether the ETF is just a milestone or will truly create sustained buying interest. We will continue to pay attention!


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