SEC accepted the application for Staked Tron ETF: there was a delay in other crypto ETFs
SEC submitted Canary Capital's application for Staked Tron ETF to the public opinion. However, companies such as Bitwise, Coinshares and Fidelity have decided to postpone other crypto ETF applications. This shows that the crypto ETF approval process is still cautious.
SEC accepted the application for Staked TRX ETF, and the expected postponement in other crypto ETFs
The US Securities and Stock Exchange Commission (SEC) officially accepted the application of the Staked Tron (TRX) ETF presented by Canary Capital. The application was transmitted by 19b-4 form over the CBOE BZX exchange. The Commission has published the statement on the official website stating that it has submitted the application to the public. However, simultaneously with this development, many crypto applications have been postponed as expected.
Canary Capital is taking a new step in the Staked ETF market
With this application he submitted to the SEC in April 2025, Canary Capital included Tron among the stinging -oriented ETF products. The storage service of the fund is undertaken by Bitgo, one of the leading security providers of the sector. Canary is previously known for ETF offers for Altcoins such as Sui, Hedera and Litecoin.
TRX is the local presence of Tron Blockchain, founded by Justin Sun in 2017, and is one of the world’s 10 largest crypto currencies with a market value of 26 billion dollars.
Decision of postponement in other crypto ETFs: XRP, Litecoin and Bitcoin are affected
In addition to this acceptance of SEC, Bitwise’s Spot XRP ETF, Coinshares’ XRP and Litecoin ETFs, as well as Fidelity’s physical Bitcoin ETF applications were postponed. Bloomberg ETF analyst James Seyffart said this postponement is a completely expected move.
Seyffart, X’te (formerly called twitter) said the following statement:
“SEC does not tend to make an early decision. End of June, probably the 4th quarter decisions can be made.”
This assessment shows that even if there is a more moderate period in crypto ETFs, the SEC is the habit of using the processing periods until the last moment.
Trump Management and SEC’s attitude: Softening is coming?
Crypto market experts say that the relative softening of the SEC’s recent attitude has developed under the influence of Trump administration. Instead of a clear counter -stance in the previous years, the Commission follows a more constructive but cautious evaluation process.
Conclusion: One step forward, a few steps waiting
While the SEC’s acceptance of the TRX ETF application is interpreted as an encouraging step for Stinging -based ETFs, the postponement of other important applications shows that the market is still facing uncertainty.
Although there has been progress in the crypto ETF world, investors need to be patient and monitor the regulatory calendar closely.
