TRON DAO celebrated the TRXS ETF debut with a closing bell ceremony at Cboe Global Markets' trading floor in Chicago on September 29, 2026. The ceremony marked the institutional adoption of TRXS, which was listed on Cboe on September 9 and provides participating brokerages access to TRX with staking rewards. According to reports from TRON DAO, the milestone reflects the TRON network's growing adoption across traditional financial markets, providing institutional access to TRX through participating brokerages. As per GlobeNewswire, the event was held at Cboe's Chicago trading floor to commemorate this significant institutional milestone.
As reported by TRON DAO, the Fund also seeks to earn additional TRX through participation in the TRON network's delegated proof-of-stake validation process, with net staking rewards reflected in the Fund's net asset value. This dual exposure mechanism allows institutional investors to benefit from both the spot price appreciation of TRX and the additional returns generated through network participation. The ETF structure provides a regulated pathway for institutional participation in the TRON ecosystem, offering exposure to the native utility token of the TRON blockchain network.
According to TRON DAO data, the TRON network has emerged as one of the leading blockchain networks for stablecoin activity, supporting more than $94 billion in circulating Tether (USDT). The chain also processes the highest USDT transfer volume of any blockchain, totaling approximately $6.1 trillion year-to-date. As of September 2026, the TRON blockchain has recorded over 405 million in total user accounts, more than 15 billion in total transactions, and over $28 billion in total value locked (TVL), based on TRONSCAN data. The network is recognized as the global settlement layer for stablecoin transactions and everyday purchases, with proven success in serving as critical infrastructure for decentralized finance, global payments, and blockchain-based applications.
Justin Sun, founder of TRON, expressed appreciation for Canary Capital's leadership in bringing TRX to the ETF market, stating that the launch demonstrates growing recognition of the TRON network as critical infrastructure for the global digital economy. According to TRON DAO, the launch gives institutions a new way to participate in the network that is already supporting significant real-world financial activity. Sun thanked the Cboe team, Canary Capital team, and all builders across the TRON ecosystem who worked to make this institutional milestone possible. As per GlobeNewswire, Sun emphasized that the launch demonstrates growing recognition of the TRON network as critical infrastructure for the global digital economy by providing institutions with a new way to participate in the network.
