SEC Filing Document

Company: Canary Staked TRX ETF
Ticker: 
CIK: 2064768
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-05-15
Accession Number: 0001999371-26-010857
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2064768/000199937126010857/canary-s1a_051526.htm

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things, provides transfer agent services with respect to the creation and redemption of Baskets by Authorized Participants, the issuance and redemption of Shares, the payment, if any, of distributions with respect to the Shares, the recording of the issuance of the Shares and the maintaining of certain records therewith. Resignation, Discharge or Removal of Transfer Agent Either the Trust or the Transfer Agent may terminate the Transfer Agency and Service Agreement for cause for the reasons set forth in the Transfer Agency and Service Agreement, such as either party’s bankruptcy or committing a material breach of the Transfer Agency and Service Agreement. The Trust may terminate the Transfer Agency and Service Agreement prior to the expiration of the initial term upon ninety (90) days’ prior written notice in the event that the Sponsor determines to liquidate the Trust and terminate its registration with the SEC. Limitation on Transfer Agent’s Liability

The Transfer Agent will
not be liable for the disposition of EUAs or moneys, or for any action taken or omitted or for any loss or injury resulting from its
actions or its performance or lack of performance of its duties under the Transfer Agency and Service Agreement in the absence of
negligence, willful misconduct or bad faith on its part. In no event will the Transfer Agent be liable for acting in
accordance with or conclusively relying upon any instruction, notice, demand, certificate or document (i) from the Sponsor, the
Trustee, the Administrator or the Cash Custodian or any entity acting on behalf of any of them which
the Transfer Agent believes is given as authorized by the Trust Agreement,
the Administration Agreement or the Cash Custody Agreement, respectively; or (ii) from or on behalf of any Authorized
Participant which the Transfer Agent believes is given pursuant to or is authorized by an Authorized Participant
Agreement (provided that the Transfer Agent has complied with the verification procedures specified in the Authorized
Participant Agreement). In no event will the Transfer Agent be liable for acting or omitting to act in reliance upon
the advice of or information from legal counsel, accountants or any other person believed by it in good faith to be competent to
give such advice or information. In addition, the Transfer Agent will not be liable for any delay in performance or
for the non-performance of any of its obligations under the Transfer Agency and Service Agreement by reason of causes beyond
its reasonable control, including acts of God, war or terrorism. The Transfer Agent will not be liable for any
indirect, consequential, punitive or special damages, regardless of the form of action and whether or not any such damages were
foreseeable or contemplated, or for an amount in excess of the value of the Trust’s assets.

Indemnification of Transfer
Agent

The Transfer Agent,
its directors, employees and agents shall be indemnified by the Trust and held harmless against any loss, liability or expense (including,
but not limited to, the reasonable fees and expenses of counsel) arising out of or in connection with the performance of its obligations
under the Transfer Agency and Service Agreement and under each other agreement entered into by the
Transfer Agent in furtherance of the administration of the Trust (including, without limiting the scope of the foregoing, any Authorized
Participant Agreement) or for any other loss incurred without negligence, willful misconduct or bad faith in connection with the performance
of its obligations under or any actions taken in accordance with the provisions of the Transfer Agency and Service Agreement or any such
other agreement. Such indemnity shall include payment from the Trust of the costs and expenses incurred by such indemnified party in defending
itself against any claim or liability in its capacity as Transfer Agent.

Governing Law

The Transfer
Agency and Services Agreement shall be construed and the provisions thereof interpreted under and in accordance with the laws
of the State of Wisconsin.

Cash Custody Agreement

Under
the Cash Custody Agreement, the Cash Custodian will keep safely all cash and other non-TRX assets of the Trust delivered to the Cash Custodian
and, on behalf of the Trust, the Cash Custodian shall, from time to time, accept delivery of cash and other non-TRX assets for safekeeping.
Amounts received in connection with the sale of TRX shall be deposited into the Cash Account.]

Standard
of Care; Limitations of Liability

The
Cash Custodian shall exercise reasonable care, prudence and diligence and shall be liable to the Trust for all loss, damage and expense
suffered or incurred by the Trust resulting from the failure of the Cash Custodian to exercise such reasonable care, prudence and diligence.

The
Cash Custodian shall not be liable if the Cash Custodian (or any sub-custodian) is prevented, forbidden or delayed from performing,
or omits to perform, any act or thing which the Cash Custody Agreement provides shall be performed or omitted to be performed, by
reason of: (i) any provision of any present or future law or regulation or order of the United States of America, or any state
thereof, or of any foreign country, or political subdivision thereof or of any court of competent jurisdiction; or (ii) any act of
God or war or other similar circumstance beyond the control of the Cash Custodian, unless, in each case, such delay or
nonperformance is caused by the breach by the Cash Custodian of its standard care or a malfunction or failure of equipment operated
or utilized by the Cash Custodian other than a malfunction or failure beyond the Cash Custodian’s control and which could not
reasonably be anticipated and/or prevented.

Indemnity

Under
the Cash Custody Agreement, the Trust agrees to indemnify and hold harmless the Cash Custodian and its nominees from all loss, damage
and expense (including reasonable attorneys’ fees) suffered or incurred by the Cash Custodian or its nominee caused by or arising
from actions taken by the Cash Custodian on behalf of the Trust in the performance of its duties and obligations under the Cash Custody
Agreement; provided however, that such indemnity shall not apply to loss, damage and expense occasioned by or resulting from the Cash
Custodian’s breach of its standard of care.

Cash
Custodian’s Fee

Pursuant
to the Trust’s unitary fee structure, the Cash Custodian’s fees are paid by the Sponsor in accordance with the Cash Custody
Agreement.

Governing
Law

The
Cash Custody Agreement is governed by the laws of the State of Wisconsin.

Termination
of the Cash Custody Agreement

With
respect to the Trust, the Cash Custody Agreement shall continue in full force and effect until the first to occur of: (a) termination
by the Cash Custodian by an instrument in writing delivered or mailed to the Trust, such termination to take effect not sooner than ninety
(90) days after the date of such delivery; (b) termination by the Trust by an instrument in writing delivered or mailed to the Cash Custodian,
such termination to take effect not sooner than thirty (30) days after the date of such delivery; or (c) termination by the Trust by written
notice delivered to the Cash Custodian, based upon the Trust’s determination that there is a reasonable basis to conclude that the
Cash Custodian is insolvent or that the financial condition of the Cash Custodian is deteriorating in any material respect, in which case
termination shall take effect upon the Cash Custodian’s receipt of such notice or at such later time as the Trust shall designate.

UNITED STATES
FEDERAL INCOME TAX CONSEQUENCES