INJ Price Eyes a Breakout to $21 as Cboe Submits a Spot “Staked” ETF Application
- 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 Group LLC, proposes the “Canary Staked INJ ETF,” marking one of the first serious attempts to bring a staking-enabled INJ fund to the U.S. equities market.
Favorable Conditions for an INJ ETF
This move arrives amid a surge in ETF interest under a more favorable regulatory regime led by President Donald Trump. With the SEC having already greenlit spot Bitcoin and Ethereum ETFs during the Biden era, the trend has extended to assets like Solana, XRP, and now Injective.
Notably, the SEC’s Division of Corporation Finance clarified in May that certain staking models may not be considered securities offerings, potentially opening the door to staking-based ETFs lik…
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INJ Price Eyes a Breakout to $21 as Cboe Submits a Spot “Staked” ETF Application
- 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 Group LLC, proposes the “Canary Staked INJ ETF,” marking one of the first serious attempts to bring a staking-enabled INJ fund to the U.S. equities market.
Favorable Conditions for an INJ ETF
This move arrives amid a surge in ETF interest under a more favorable regulatory regime led by President Donald Trump. With the SEC having already greenlit spot Bitcoin and Ethereum ETFs during the Biden era, the trend has extended to assets like Solana, XRP, and now Injective.
Notably, the SEC’s Division of Corporation Finance clarified in May that certain staking models may not be considered securities offerings, potentially opening the door to staking-based ETFs lik…
The post INJ Price Eyes a Breakout to $21 as Cboe Submits a Spot “Staked” ETF Application appeared first on Coin Edition.
Read More