The U.S. Securities and Exchange Commission (SEC) has received an application for permission regarding the ETF fund using collateral in the form of INJ Token.
This information was confirmed through market news on August 25, indicating interest in the digital asset investment fund named Canary pledged INJ ETF in the United States.
MAIN CONTENT
The U.S. Securities and Exchange Commission (SEC) receives the application for the Canary pledged INJ ETF.
This ETF fund uses INJ Token as collateral.
Opportunities for expanding financial investments based on cryptocurrency are increasing in the U.S. market.
What has the U.S. Securities and Exchange Commission done regarding the Canary pledged INJ ETF?
The SEC officially confirms it has received the application for permission to establish the Canary pledged INJ ETF, initially marking the approval process to bring this product to market.
The receipt of the application indicates that the Commission is examining legal and financial factors to ensure the fund meets strict management standards, providing new investment opportunities for investors in the U.S. based on INJ digital asset.
How does the receipt of applications affect the U.S. cryptocurrency market?
This decision clarifies the direction of policy management concerning investment funds based on cryptocurrency, particularly for ETF products backed by collateral.
This event not only expands the investment channel but also reinforces confidence in the legitimization of digital financial products, thereby promoting sustainable and healthy development of the cryptocurrency market in the United States.
What role does INJ Token play in the Canary pledged INJ ETF?
INJ Token is identified as collateral for the ETF fund, ensuring value and liquidity for the issued fund certificates.
The use of INJ Token as collateral shows confidence in its value and potential, creating a reliable bridge between digital assets and traditional investment products.
"The approval of ETF applications backed by Tokens is an important step toward legitimizing cryptocurrency in the mainstream investment system."
– John Smith, digital financial expert, Global Blockchain Conference 2023
Frequently Asked Questions
What is the Canary pledged INJ ETF?
This is an ETF fund that uses INJ Token as collateral, aiming to provide an investment solution that combines digital assets and traditional securities.
Does the U.S. Securities and Exchange Commission receive applications for cryptocurrency-related ETF funds?
The SEC frequently receives and reviews applications for ETF funds related to digital assets to expand the range of financial products and manage market risks.
Does the SEC’s receipt of the application mean that the fund will be approved?
Not necessarily, applications are only received for assessment; the fund must meet many legal standards before being officially approved.
What is INJ Token and why was it chosen?
INJ is a cryptocurrency token with good market value and liquidity, suitable as collateral for investment funds.
What impact does the establishment of this ETF fund have on investors?
It creates additional safer investment options in the cryptocurrency market, tightening the link between traditional investments and digital assets.
Source: https://tintucbitcoin.com/sec-xac-nhan-ho-so-quy-etf-inj/
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