Canary’s Staked INJ ETF Begins Trading on Nasdaq
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Canary Capital’s staked INJ ETF began trading on Nasdaq, giving U.S. investors regulated exposure to Injective’s INJ token with staking rewards built in. The fund plans to keep 70% of staking rewards while charging a separate 1.10% annual sponsor fee plus other expenses. The launch marks another step in the expansion of crypto exchange-traded products beyond bitcoin and ether into staked altcoin strategies. It matters because staking-linked ETFs let issuers pass through yield that plain spot crypto funds cannot capture. Watch uptake in the fund’s assets and trading volume, and whether rival issuers follow with staked products for other proof-of-stake tokens.
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Named in this story
Staked INJ ETF, Canary, INJ (INJ), Nasdaq
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