Canary Capital, a prominent asset management firm, has taken a strategic step by creating a trust fund in Delaware titled the “Canary Staked INJ ETF.” This initiative focuses on leveraging the staking of Injective (INJ) tokens as the foundation for the proposed exchange-traded fund. Establishing this trust is a preliminary but crucial phase, typically preceding the formal submission of regulatory documents to the U.S. Securities and Exchange Commission (SEC). This development signals growing institutional interest in crypto asset management products that integrate staking mechanisms, potentially enhancing yield opportunities for investors. By structuring the ETF around staked tokens, Canary Capital aims to offer a differentiated product within the increasingly competitive digital asset investment landscape, aligning with evolving regulatory frameworks and investor demand for innovative crypto exposure.
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