INJ Price Eyes a Breakout to $21 as Cboe Submits a Spot “Staked” ETF Application
Main Idea
The Cboe exchange has filed for a spot 'Canary Staked INJ ETF' with the SEC, signaling growing interest in staking-enabled crypto ETFs amid favorable regulatory conditions, while INJ price shows potential for a breakout.
Key Points
1. Cboe BZX Exchange filed for a spot 'Canary Staked INJ ETF' on behalf of Canary Capital Group LLC, aiming to bring a staking-enabled INJ fund to the U.S. equities market.
2. The filing aligns with increased ETF interest under a favorable regulatory regime, with the SEC previously opening the door to staking-based ETFs.
3. Injective (INJ) is trading at $14.83, showing bullish momentum with potential for a breakout above $15.97, targeting higher Fibonacci levels.
4. The RSI at 60.36 and MACD in a mild bullish crossover indicate strong buying pressure without being overbought.
5. The ETF filing could act as a catalyst for INJ, with the $18.27–$21.68 zone identified as the next key resistance area.
Description
The Cboe exchange has filed with the SEC for a spot “Canary Staked INJ ETF” from the firm Canary Capital This is one of the first serious attempts to bring a yield-bearing, staking-enabled altcoin ETF to the US market The news comes as the INJ price chart shows a bullish setup, with analysts eyeing a major potential breakout The Cboe BZX Exchange has filed for a spot exchange-traded fund (ETF) tied to the native token of Injective Protocol (INJ). The filing, submitted on behalf of Canary Capital...
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