Canary continues filing spree with staked Injective ETF proposal
2025-07-17 13:54:29
Main Idea
Canary has filed for a staked Injective (INJ) ETF, continuing its series of crypto ETF proposals, as interest in staking-based products grows.
Key Points
1. The Canary Staked INJ ETF would hold INJ directly and has been submitted to the SEC, though details on staking amounts and providers were not specified.
2. Injective is a layer-1 blockchain focused on decentralized finance (DeFi) applications, with a market cap of roughly $1.3 billion.
3. Canary has filed for multiple crypto ETFs recently, including those holding litecoin (LTC), solana (SOL), XRP, HBAR, and Sui (SUI), as well as a PENGU ETF for Pudgy Penguins tokens and NFTs.
4. Injective Labs has made recommendations to the SEC's crypto task force, advocating for regulatory clarity to support predictable growth in the RWA (real-world assets) space.
5. The SEC may wait to develop 'generic listing standards' before approving any altcoin ETFs, as per an anonymous source close to the filings.
Description
The fund group has submitted proposals in recent months for other funds that would hold litecoin, solana, XRP, HBAR, Sui and others
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