Canary Files for Staked Injective ETF as Interest in Altcoin Funds Grows
Asset manager Canary has filed with the U.S. Securities and Exchange Commission to launch a staked Injective (INJ) exchange-traded fund. The proposed fund would enable investors to earn yield on its underlying tokens, capitalizing on growing institutional demand for altcoin exposure.
The filing signals accelerating maturation of cryptocurrency investment vehicles beyond bitcoin and ether products. Staking mechanisms, once the domain of retail crypto enthusiasts, are increasingly being packaged for traditional finance audiences.
Injective's inclusion marks another milestone for LAYER 1 altcoins seeking mainstream recognition. The blockchain's focus on decentralized finance applications appears to be resonating with institutional product developers.
