Justin Sun: TRX ETF Could Be the Catalyst for the Next Crypto Bull Run
In a special livestream hosted by the HTX exchange, TRON Founder and HTX Advisor Justin Sun shared his optimistic views on the new TRX ETF application filed by Canary Capital Group. According to him, this is an “unreplicable” opportunity for investors and the entire crypto market.
TRX ETF: First to Integrate Staking
The main topic of the livestream, “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, attracted many prominent figures in the crypto community. Justin Sun highlighted the biggest difference of the TRX ETF: it is one of the very few ETFs currently integrating a staking mechanism – allowing investors to receive passive rewards in addition to the potential for asset price appreciation.
While the approval process for staking ETFs has been difficult, especially in the case of the ETH Staked ETF, Sun believes that the regulatory environment is changing positively. He cited the new SEC Chairman Paul Atkins, who has taken a more friendly stance towards digital assets, as a sign that the TRX ETF has a higher chance of approval.
The market is underpricing the possibility of approval
Justin Sun expressed his confidence: “I believe the market is underestimating the possibility of TRX ETF approval.” He said that this confidence comes not only from his experience working with previous ETF products – including Bitcoin futures ETFs and Bitcoin spot ETFs – but also from the outstanding performance of TRX ETP in the European market.
He also noted that not many crypto ETF applications have reached the S-1 filing stage, and if TRX ETF is not approved immediately, the development team is ready to update the application according to SEC guidelines and continue pursuing the goal.
Opportunity to ignite a new wave of price increases and promote RWA
According to Justin Sun, the approval of TRX ETF is not only good news for TRON but can also ignite a new wave of growth for the entire market. "Bitcoin spot ETF has attracted tens of billions of dollars of capital flow into the market, creating a trillion-dollar recovery effect. TRX ETF can absolutely create a similar effect, even stronger," he shared.
In addition, Sun also emphasized the role of ETFs in expanding Real-World Assets (RWA) - traditional assets encrypted on the blockchain. He believes that ETFs are the necessary bridge to bring institutional capital into the Web3 ecosystem in a legal, transparent and large-scale manner.
HTX and TRON: Expanding in the US market
With TRX ETF as the first step, Justin revealed that both TRON and HTX have strong development plans in the US this year. He committed that each quarter will have clear steps forward in terms of products and legal compliance.
About HTX
The HTX was founded in 2013 and is now one of the world's leading comprehensive blockchain ecosystems, including digital asset trading, derivatives, research, investment and project incubation. With the vision of becoming a gateway to Web3, HTX is constantly expanding globally and enhancing its regulatory compliance.