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During a livestream  hosted by the leading exchange HTX, Founder of TRON and Advisor to HTX, Justin Sun expressed confidence in the approval of the newly filed Canary Capital Group Staked TRX ETF, calling it a “non-replicable” opportunity for both investors and the broader crypto market.

The event, titled “TRX ETF is Coming? The First Altcoin ETF with Staking Rewards – Will It Spark a New Crypto Bull Run?”, featured @HTX_Molly and leading crypto influencers in discussion with Sun on the TRX ETF filing, the outlook for staking-based ETFs, and the path to regulatory compliance.

A First-of-Its-Kind ETF With Staking Rewards

The key differentiator of this TRX ETF application is its inclusion of a staking mechanism, which could provide investors with enhanced yield opportunities. Notably, the TRX ETF is among the few, out of all crypto ETFs with pending S-1 filings, to incorporate staking features. 

While the application process for such ETFs is significantly more challenging than for spot ETFs – evidenced by the past failures of Staked ETH ETF applications – Justin Sun remains hopeful. He believes the SEC, under its new crypto-friendly Chairman Paul Atkins, is showing increased openness toward cryptocurrencies. Therefore, 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.”

Sun: Market Is Undervaluing Approval Odds

“The market might be undervaluing the probability of the TRX ETF’s approval, a matter of which I am highly confident,” Justin Sun remarked. His confidence stems partly from his considerable experience with crypto ETF applications, including his involvement in securing approval for the initial Bitcoin futures ETFs and the subsequent Bitcoin spot ETFs. Furthermore, the TRX ETP’s successful listing and outperformance against Bitcoin and Ethereum equivalents in Europe provide a strong precedent. 

Justin argues that the rarity of ETF applications reaching the S-1 filing stage indicates that approval for the TRX ETF may not be far off. 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.

TRX ETF Could Catalyze the Next Bull Market

Justin Sun suggests that the potential impact of TRX ETF approval is underestimated. “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 on Wall Street.” 

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.” 

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.”

About HTX

Founded in 2013, HTX 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 harbors global capabilities that enable it to provide 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.

To learn more about HTX, please visit HTX Square or HTX.com/, and follow HTX on X, Telegram, and Discord.

The post Justin Sun Highlights TRX ETF Potential, Says Market Underestimates Impact appeared first on BeInCrypto.

Ohio may soon become one of the first states to invest public funds in cryptocurrency, as lawmakers debate House Bill 18—the Ohio Strategic Cryptocurrency Reserve Act.

This proposal would permit the state government and retirement systems to invest in digital assets and related exchange-traded products.

Setting the Stage for State Crypto Investments

House Bill 18 (HB 18), introduced by Representative Steve Demetriou, is drawing attention for its practical steps toward integrating digital assets into the state’s portfolio.

Importantly, the bill avoids specifying any particular cryptocurrencies—such as Bitcoin—in order to keep investment choices flexible. If passed, Ohio’s state Treasurer would oversee these updated investment strategies, providing the state with a modern approach to finance.

The latest developments come as the Ohio House of Representatives recently passed House Bill 116. The bill, titled the Ohio Blockchain Basics Act, received a decisive vote of 68 to 26, highlighting strong bipartisan support. This legislation exempts crypto transactions under $200 from capital gains taxes in Ohio. 

Supporters believe HB 18 could lead to stronger returns and better portfolio diversification for Ohio. By not naming certain coins or exchange-traded products, future investments could include a range of digital assets, all subject to market analysis and risk management.

Oversight, Transparency, and Legal Framework

The bill designates Ohio’s state Treasurer as the manager of potential cryptocurrency investments. State retirement systems could also join the program, following their own risk assessments and internal approvals.

Currently, House Bill 18 does not include an official fiscal note or state-issued financial analysis. So questions remain about the amount of public money that may be involved. Oversight rules and transparency requirements are expected before any final vote. 

“A state Bitcoin reserve could diversify Ohio’s assets, reduce reliance on fiat, and signal crypto adoption,” a user commented on X.

Rising institutional interest in cryptocurrency is reflected in the bill, as officials seek a balanced approach to investment and risk. Nevertheless, ongoing debate and thorough legislative review will shape the bill’s future.

If enacted, House Bill 18 could give Ohio a pioneering role in state-level crypto investment, setting an example for others.

The post Ohio Weighs New Bill to Invest State Funds in Strategic Crypto Reserve appeared first on BeInCrypto.

Japanese firm Metaplanet saw its stock price surge to three-month highs on Monday after announcing its latest Bitcoin (BTC) acquisition. The company added 1,004 BTC to its treasury, marking its third significant purchase this month. 

A week earlier, it had acquired 1,241 BTC, surpassing El Salvador’s reserves. Previously, on May 7, Metaplanet made a comparatively smaller purchase of 555 BTC.

Metaplanet Stock Benefits From Bitcoin Purchases 

According to the official disclosure, the latest transaction was valued at 15.19 billion yen (approximately $104.3 million). Metaplanet’s average buying cost was 15.13 million yen, equivalent to $103,873 per BTC.

“From July 1, 2024, to September 30, 2024, the Company’s BTC Yield was 41.7%. From October 1, 2024, to December 31, 2024, the Company’s BTC Yield was 309.8%. From January 1, 2025, to March 31, 2025, the company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025, to May 19, 2025, the Company’s BTC Yield is 47.8%,” the statement read.

Metaplanet issues zero-coupon ordinary bonds to fund these purchases. In May 2025, it issued bonds worth $64.7 million. This includes $24.7 million from the 12th Series issued on May 2, $25 million from the 13th Series approved on May 7, and $15 million from the 15th Series issued on May 13. 

The company now holds a total of 7,800 Bitcoin, with an aggregate investment of 105.38 billion yen, or roughly $712.5 million. The average historical purchase price across its Bitcoin holdings stands at 13.5 million yen per BTC, approximately $91,343 per coin. 

Meanwhile, following the news, Metaplanet stock, 3350.T, appreciated by 12.6%, according to Yahoo Finance data. At press time, its trading price was 702 yen ($4.8), marking highs last seen on February 13. 

Over the past month alone, 3350.T’s value has increased by 101.7%, greatly benefiting from Bitcoin’s latest rally. In fact, since adopting a Bitcoin reserve strategy, the stock prices have increased over 15-fold.

The firm’s financial performance further supports this upward trajectory. In its Q1 FY2025 earnings report, Metaplanet disclosed revenues of $6 million, with 88% derived from Bitcoin options trading. 

This highlighted the important role BTC plays in its financial success. As the firm continues integrating Bitcoin into its economic strategy, it is setting a new benchmark for corporate crypto adoption in the region.

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