Canary Files for Staked Injective ETF as Interest in Altcoin Funds Grows
2025-07-17 16:28:22
Main Idea
Canary Capital has filed with the SEC to launch a staked Injective ETF, while Cantor and Adam Back collaborate to establish a Bitcoin treasury firm with $3.5 billion in BTC.
Key Points
1. Canary Capital applied for a staked Injective ETF, which would allow investors to track the price of Injective's native token (INJ) and earn staking rewards.
2. Injective co-founder Eric Chen highlighted that the ETF aims to broaden participation in staking-based products, with INJ trading at $13.84, up 3.7% in 24 hours.
3. Cantor and Adam Back are launching Bitcoin Standard Treasury Company (BSTR) with over 30,000 BTC ($3.5 billion) through a SPAC merger with Cantor Equity Partners I.
4. Bank of America remains cautious on stablecoin adoption, citing regulatory uncertainty, while Citi explores issuing its own stablecoin for cross-border payments.
Description
The asset manager filed Thursday with the SEC to debut its Staked INJ ETF, which would allow investors to earn yield on its fund's underlying tokens.
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