Wall Street Goes Wacky: Canary Capital’s INJ ETF That Stands on Its Head!

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Oh, behold the audacity of the Canary Staked INJ ETF, a splendid concoction to grant investors the privilege of hobnobbing with Injective’s very own staking ecosystem! Instead of just cradling tokens like a child with a teddy bear, this fund is set to actively plunge into the chaos that is the proof-of-stake Injective network! Investors, rejoice! You shall taste the DeFi-native yield through this oh-so-fancy traditional investment vehicle! 💰😏

Canary Capital Logo

And lo! The filing arrives amidst a growing hunger from the institutional giants, with Injective earning the endorsement of illustrious behemoths such as Google Cloud and T-Mobile—very upscale company indeed! This comes in the wake of Injective Labs throwing themselves at the SEC, demanding some reasonable attention on DeFi regulation policy because, why not? 😜

Injective Process

But wait, there’s more! Canary Capital has been busy like a squirrel in autumn, previously tossing ETF applications for XRP and Solana into the ring. And just recently, they’ve cooked up a Delaware trust for the staked INJ fund, an endeavor that might or might not enhance their chances with regulatory approval. Who knew compliance could be this entertaining? 🥳

Congress Debating

Ah yes, and let us not forget the timing of this grand proposal! It sashays onto the stage during a captivating period in U.S. crypto policy, as Congress wades through a medley of bills under the extravagant banner of Crypto Week 2025. Oh, the decisions they make could very well sculpt the future of this ETF and its fellow comrades! 🌐💥

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2025-07-17 21:22