The US SEC has officially launched a public comment period for the Canary Staking INJ ETF, which is not surprising, as they just confirmed receipt of the documents. They are now giving 21 days for everyone to provide feedback, followed by a maximum of 90 days to decide on the next steps, and the process is proceeding in a structured manner.

This move is quite interesting; the market has just been bombarded with news about Ethereum Staking ETFs, and now Injective's Staking ETF is following suit. This indicates that the SEC may be forming a fixed approval framework for "staking" crypto products, no longer operating in the dark. For INJ, this is undoubtedly a major positive, at least narratively ahead.

Look at the neighboring Grayscale still applying for a regular ETF for Avalanche (AVAX), while Canary has jumped straight into the staking play, which shows how competitive these financial products are. Next, we will see how the market interprets this; if public opinion is positive, it could pave the way for a wave of PoS public chain staking ETF products, and then it will be a chaotic scene again.