Canary Staked TRX ETF TRXS Strategy

The investment seeks to provide exposure to the price of TRX (“TRX”) held by the Trust, less the expenses of the Trust’s operations and other liabilities; to earn additional TRX through its participation in the staking program (the “Staking Program”) administered by the Sponsor, in which staking rewards will be earned through the validation of transactions in the Tron network’s (the “Tron Network”) proof-of-stake (“PoS”) process is secondary consideration. In seeking to achieve its investment objectives, the Trust will hold TRX and establish its net asset value (“NAV”) by reference to the CoinDesk Tron Benchmark Rate 60m NY Rate (“Pricing Benchmark”).