INSUBCONTINENT EXCLUSIVE:
The native token behind the Injective blockchain could be getting an exchange-traded fund in the US, as Canary Capital created a trust in
(INJ).Crypto ETFs typically start with Delaware trustFiling for a trust in Delaware is usually the first step an ETF issuer takes before
necessarily mean a fund manager will follow up with an ETF, but multiple crypto-tracking ETFs started with the creation of a Delaware-based
locking some of them up to support the blockchain to receive more tokens as a reward.Asset manager 21Shares launched an Injective
exchange-traded product in Europe in July that similarly tracks the INJ token and captures staking yield for reinvestment.Canary Capital did
not immediately respond to questions about its Delaware trust.Injective token gains on a possible ETFThe Injective token gained 3.7% over
Monday.INJ has gained over the past day, continuing a modest rally from the past week
Source: Cointelegraph Markets ProINJ is up over 10.5% on the week as DappRadar shows the blockchain has seen a slight uptick in transactions
blockchain focused on artificial intelligence agents and tokenizing real-world assets and stocks, areas that are among some of the currently
trendy applications for crypto.SEC concerned about crypto-staking ETFsFund issuers have filed for various novel crypto ETFs under the Trump
administration, which has pledged to loosen crypto regulations
staff told REX Financial and Osprey Funds, which are looking to launch ETFs tracking Ether (ETH) and Solana (SOL) with staking, that the
funds with their current structure might fail to meet the definition of an investment company, which is needed for them to list for
Source: SECAnalysts are, however, optimistic that the companies and the SEC can overcome the legal hurdle
