Investors Can Now Invest in the Surging Tron Cryptocurrency Via an ETF. Here's What Crypto Investors Need to Know.
The Canary Staked TRX ETF could be well timed if the Tron network continues growing.
Overview
The universe of cryptocurrency exchange-traded funds (ETFs) is increasingly, shall we say, adventurous, as issuers push beyond Bitcoin and Ethereum, going further down the asset class's market-capitalization spectrum to introduce new products.
In fact, some of the most recent additions to the crypto ETF fray focus on digital currencies that rank near the bottom of the top 10 by market value. That includes the newly minted Canary Staked TRX ETF (NYSEMKT: TRXS). This rookie ETF is the first to focus on Tron (CRYPTO: TRX), the eighth-largest digital asset by market cap.
The first Tron-dedicated ETF is here. Image source: Getty Images.
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Originally published at www.fool.com.