TRX ETF Approval Could Spark Crypto Bull Run, Says Justin Sun

Justin sun, the Founder of tron and Advisor to HTX, expressed his optimism regarding the approval of the newly filed Canary Capital Group Staked TRX ETF during a livestream hosted by HTX. The event, titled “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, featured discussions with leading crypto influencers on the TRX ETF filing, the outlook for staking-based ETFs, and the path to regulatory compliance.

The TRX ETF stands out due to its inclusion of a staking mechanism, which could provide investors with enhanced yield opportunities. This feature is rare among crypto ETFs with pending S-1 filings. Despite the challenges in the application process for such ETFs, Justin Sun remains hopeful. He believes that the SEC, under its new crypto-friendly Chairman Paul Atkins, is showing increased openness toward cryptocurrencies. The TRX ETF application seeks immediate approval, aiming to be the groundbreaking cryptocurrency ETF to integrate staking. Its success, he asserts, would make its value “unreplicable.”

Justin Sun remarked that the market might be undervaluing the probability of the TRX ETF’s approval. His confidence is based on his experience with crypto ETF applications, including his involvement in securing approval for the initial Bitcoin futures ETFs and the subsequent Bitcoin spot ETFs. The TRX ETP’s successful listing and outperformance against Bitcoin and Ethereum equivalents in Europe provide a strong precedent. He also noted that even if the SEC rejects the initial submission, the team will revise the S-1 document in accordance with the SEC’s recommendations and continue the application process.

Justin Sun suggests that the potential impact of TRX ETF approval is underestimated. He believes that the approval of the Bitcoin spot ETF demonstrated that a few tens of billions of dollars in inflows could trigger a trillion-dollar market rally. This is a prime example of ‘confidence leverage.’ The TRX ETF’s approval could have a similar or even greater impact, potentially igniting the next bull run and attracting a new wave of institutional interest in crypto ETFs. Simultaneously, the ETF will facilitate RWA (Real-World Assets) growth. “The real breakthrough for RWA won’t just come from technological progress but from building a mutually beneficial ecosystem,” Justin explained. “Traditional institutions aren’t held back by technology. They’re limited by the absence of a clear mechanism to acquire public chain tokens and share in their appreciation. The ETF serves as the key to unlocking this – without it, large-scale institutional investment is unlikely, thus hindering the movement of trillions in assets onto the blockchain. The ETF isn’t just a price catalyst; it’s the decisive factor in the successful adoption of RWA.”

Ask Aime: Could the TRON ETF approval spark a new crypto bull run?

Looking ahead, Justin emphasized that this year will be pivotal for enhancing regulatory compliance and expanding collaborations within the U.S. market. “The TRX ETF application is just the beginning. TRON and HTX have significant developments planned for each subsequent quarter, with the necessary groundwork already underway.”

HTX, founded in 2013, has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX provides users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.