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Canary Capital Spins up Delaware Trust for Staked Injective ETF

  • On June 9, 2025, Canary Capital filed to establish a statutory trust in Delaware for an ETF focused on Injective's native token, INJ, aimed at providing exposure to staked assets.
  • This trust registration follows Canary's previous filings for staking ETFs including TRX in April and CRO in May, marking early steps subject to SEC approval.
  • The ETF would give investors exposure to INJ price movements and staking rewards, offering a regulated way to earn passive income without technical staking complexities.
  • Canary's filings align with recent market trends where similar products launched in Europe, and the firm pursues multiple crypto ETFs reflecting a broader strategy.
  • This registration represents a significant move toward staking-based crypto ETFs in the U.S. that could influence regulatory acceptance and expand investment options for crypto-curious investors.
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Key Points of the News Canary Capital creates a Delaware trust for INJ's "ETF in stacking", which marks the first step towards a possible launch of an ETF focused on Injective native token. The proposed ETF seeks to offer investors a double exposure: capture the fluctuations in INJ's price and, at the same time, offer rewards for stacking, a novel advantage in the ETF sector. This initiative aligns with the growing trend of altcoins' ETFs in the…

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Coingape broke the news in on Monday, June 9, 2025.
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