Canary Staked INJ ETF begins trading on Nasdaq

Canary Capital’s staked INJ ETF began trading on Nasdaq on Nov. 5 under the ticker INJC, directly holding INJ with BitGo as custodian after its securities registration took effect Nov. 4. The fund expects to stake at least 90% of its INJ holdings under normal conditions, charging a 1.10% annual sponsor fee and deducting 30% of staking rewards as a staking fee, with the remaining 70% retained by the fund before other expenses. Rewards are typically restaked and reflected in daily net asset value rather than distributed to investors. The launch matters as one of the first U.S. ETFs to combine direct token exposure with native staking yield for INJ, potentially broadening institutional access to Injective’s staking economy. What to watch next is whether INJC attracts meaningful inflows and how much of its INJ is actually staked versus held unstaked.