SEC Approves Staked INJ ETF Application from Canary Capital

The U.S. Securities and Exchange Commission (SEC) has granted approval for Canary Capital’s proposed Staked INJ ETF, signaling the regulator’s openness to staking-based investment vehicles. This marks a significant milestone as it paves the way for investors to gain regulated exposure to Injective Protocol’s staking rewards through an ETF structure.      \nIf approved, this ETF could become a pioneering financial instrument, integrating traditional investing with staking returns. It has the potential to influence liquidity and value dynamics within the Injective Protocol ecosystem. \nCanary Capital’s Staked INJ ETF: A Regulatory First