Canary Capital's Filing for First Staked ETF Causes INJ to Reach Monthly Peaks

Canary Capital has submitted a filing to the U.S. Securities and Exchange Commission (SEC) for an exchange-traded fund (ETF) linked to Injective's native token, INJ. This ETF, called Canary Staked INJ ETF, aims to track INJ's price and distribute staking rewards to shareholders, allowing investors to gain INJ exposure without owning the asset directly.

The news of the ETF filing resulted in INJ's price increasing by over 8%, with a daily trading volume exceeding $209 million. Canary Capital is also awaiting the SEC's review of its ETF filings related to other digital assets like XRP, TRON, Litecoin, Hedera, and PENGU. The approval of such staking-based ETFs could be influenced by the regulatory changes proposed in the upcoming "Crypto Week 2025".