In a move that highlights growing interest in U.S. staking-based ETFs, Canary Capital has registered its Canary Staked INJ ETF in Delaware. Pending SEC approval, the new ETF aims to offer passive staking rewards for investors focused on the Injective Protocol’s INJ token. This registration comes amidst ongoing uncertainty regarding regulatory hurdles for these types of investments. 🤝 While initial excitement surrounds this development, the path forward remains unclear as the SEC has historically favored Bitcoin and Ethereum ETFs in approvals. Canary Capital’s unique focus on staking-related rewards sets a precedent for broader altcoin ETF options in the U.S. market. This move could potentially pave the way for a more diverse range of ETF offerings based on alternative cryptocurrencies in the future.