SEC Filing Document

Company: Canary Staked TRX ETF
Ticker: 
CIK: 2064768
Filing Type: S-1
Document Type: S-1
Date Filed: 2025-04-18
Accession Number: 0001999371-25-004423
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2064768/000199937125004423/canary-s1_041825.htm

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Act and will file certain reports and other information with the SEC under the 1934 Act. The reports and other information are available online at www.sec.gov. PRIVACY POLICY The Trust and the Sponsor may collect or have access to certain nonpublic personal information about current and former Shareholders. Nonpublic personal information may include information received from Shareholders, such as a Shareholder’s name, social security number and address, as well as information received from brokerage firms about Shareholder holdings and transactions in Shares of the Trust. The Trust and the Sponsor do not disclose nonpublic personal information except as required by law or as described in their Privacy Policy. In general, the Trust and the Sponsor restrict access to the nonpublic personal information they collect about Shareholders to those of their and their affiliates’ employees and service providers who need access to such information to provide products and services to Shareholders.

The
Trust and the Sponsor maintain safeguards that comply with federal law to protect Shareholders’ nonpublic personal information.
These safeguards are reasonably designed to (1) ensure the security and confidentiality of Shareholders’ records and information,
(2) protect against any anticipated threats or hazards to the security or integrity of Shareholders’ records and information, and
(3) protect against unauthorized access to or use of Shareholders’ records or information that could result in substantial harm
or inconvenience to any Shareholder.

Third-party service
providers with whom the Trust and the Sponsor share nonpublic personal information about Shareholders must agree to follow appropriate
standards of security and confidentiality, which includes safeguarding such nonpublic personal information physically, electronically
and procedurally.

copy of the Sponsor’s current Privacy Policy, which is applicable to the Trust, is available at ________.

Report
of Independent Registered Public Accounting Firm

[To be provided]

Canary Staked TRX ETF

Statement of Assets and Liabilities

[To be provided]

Canary Staked TRX ETF

Notes to Financial Statement

[To be provided]

CANARY STAKED TRX ETF

SHARES

PROSPECTUS

Until
_______, 202_ (25 calendar days after the date of this Prospectus) all dealers that effect transactions in these securities, whether or
not participating in this offering, may be required to deliver a Prospectus. This is in addition to the dealers’ obligation to deliver
a Prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

PART II

INFORMATION NOT
REQUIRED IN PROSPECTUS

Item 13. Other
Expenses of Issuance and Distribution.

The
Trust shall not bear any expenses incurred in connection with the issuance and distribution of the securities being registered. These
expenses shall be paid by Canary Capital Group LLC, the sponsor of the Trust. Except for the Securities and Exchange Commission Registration
Fee and Exchange Listing Fee, all such expenses are estimated:

SEC registration fee (actual) $	0	*

Listing fee (actual) $	____

Auditor’s fees and expenses $	____

Legal fees and expenses $	____

Printing expenses $	____

Miscellaneous expenses $	____

Total $	____

* An indeterminate number
of the securities is being registered as may from time to time be sold at indeterminate prices. In accordance with Rules 456(d) and 457(u),
the Trust is deferring payment of all of the additional registration fee and will pay the additional registration fee subsequently on
an annual basis.

Item 14. Indemnification
of Directors and Officers.

The
Trust Agreement will provide that the Trust shall indemnify, defend and hold harmless the Trustee (including in its individual capacity)
and any of the officers, directors, employees and agents of the Trustee (the “Indemnified Persons”) from and against
any and all losses, damages, liabilities, claims, actions, suits, costs, expenses, disbursements (including the reasonable fees and expenses
of counsel and fees and expenses incurred in connection with enforcement of its indemnification rights under the Trust Agreement), taxes
and penalties of any kind and nature whatsoever (collectively, “Expenses”), to the extent that such Expenses arise out of
or are imposed upon or asserted at any time against such Indemnified Persons with respect to the performance of the Trust Agreement, the
creation, operation or termination of the Trust or the transactions contemplated thereby; provided, however, that the Trust
shall not be required to indemnify any Indemnified Person for any Expenses which are a result of the willful misconduct, bad faith or
gross negligence of an Indemnified Person. If the Trust shall have insufficient assets or improperly refuses to pay an Indemnified Person
within sixty (60) days of a request for payment owed hereunder, the Sponsor shall, as secondary obligor, compensate or reimburse the Trustee
or indemnify, defend and hold harmless an Indemnified Person as if it were the primary obligor under the Trust Agreement; provided,
however, that the Sponsor shall not be required to indemnify any Indemnified Person for any Expenses which are a result of the
willful misconduct, bad faith or gross negligence of an Indemnified Person. To the fullest extent permitted by law, Expenses to be incurred
by an Indemnified Person shall, from time to time, be advanced by, or on behalf of, the Sponsor prior to the final disposition of any
matter upon receipt by the Sponsor of an undertaking by, or on behalf of, such Indemnified Person to repay such amount if it shall be
determined that the Indemnified Person is not entitled to be indemnified under this Trust Agreement.

Item 15. Recent
Sales of Unregistered Securities.

(the “Seed Capital Investor”), an affiliate of the Sponsor, purchased one (1) Share at a per-Share price of $___ (the
“Seed Share”). Delivery of the Seed Share was made on ____, 202_. Total proceeds to the Trust from the sale of the Seed Share
were $___. On ____, 202_, the Seed Share was redeemed for cash and the Seed Capital Investor purchased ____ Shares at a per-Share
price of $____ (the “Seed Baskets”). Total proceeds to the Trust from the sale of the Seed Baskets were $____. On ____,
202_, the Trust purchased ____ TRX with the proceeds of the Seed Baskets.]

Item 16. Exhibits
and Financial Statement Schedules.

(a) Exhibits.

Exhibit
No. Exhibit Description

3.1*	Trust Agreement

3.2*	Certificate of Trust

5.1**	Opinion of Chapman and Cutler LLP as to legality

8.1**	Opinion of Chapman and Cutler LLP as to tax matters

10.1**	Form of Initial Authorized Participant Agreement

10.2**	Distribution Agreement

10.3**	Custodial Services Agreement

10.4**	Administration Agreement

10.5**	Transfer Agency Agreement

10.6**	Sponsor Agreement

10.7**	Cash Custody Agreement (Custodian Agreement)

23.1**	Consent of Independent Registered Public Accounting Firm

23.2**	Consent of Chapman and Cutler LLP (included in Exhibits 5.1 and 8.1)

107*	Filing Fee Tables

* Filed herewith

** To be filed by amendment

(b) Financial Statement Schedules.

Not applicable.

Item 17. Undertakings.

The undersigned
registrant hereby undertakes:

To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i)	to include any prospectus required by section 10(a)(3) of the Securities Act
of 1933; (ii) to reflect in the prospectus any facts or events arising after the effective date of the registration statement (or
the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the
information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities
offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low
or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration
Fee” table in the effective registration statement; and

(ii)	to include any material information with respect to the plan of distribution not previously
disclosed in the registration statement or any material change to such information in the registration statement.

(2)	That, for the purpose of determining any liability under the Securities
Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)	To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.

(4)	That, for the purpose of determining liability under the Securities
Act of 1933 to any purchaser:

the registrant is relying on Rule 430B:

(A)	each prospectus filed by the registrant pursuant to Rule 424(b)(3)
shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration
statement; and