Canary Capital's Bold Move: Staked Injective ETF Trust Sparks U.S. Market Buzz

Delaware Trust Registration Ignites Speculation on Tradable INJ Product

Canary Capital just dropped a bombshell in the world of crypto ETFs by registering a Delaware trust for a staked Injective ETF. This isn't just paperwork; it's a major step towards shaking up the U.S. market with a tradable INJ product!

Brace yourselves, because Canary Capital isn't messing around. They've set up a trust for an exchange-traded fund that's all about giving you exposure to staked Injective (INJ). They've named it the "Canary Staked INJ ETF," and it's been officially registered with the Delaware Division of Corporations. This beast is designed to hook you up with staking-based returns straight from the Injective blockchain.

Now, don't get too excited just yet. This filing doesn't mean the fund is definitely launching, but it's following the same playbook as many other crypto ETF rockstars.

Over in Europe, they're already riding the INJ wave with a product from 21Shares, an Injective ETP that's raking in staking yield like it's going out of style.

This isn't Canary's first rodeo, either. They've been on a roll, filing for a Staked Cronos (CRO) ETF back in May, aiming to let investors dive into Cronos tokens and their juicy staking yields. Plus, they're still waiting on the edge of their seats for the U.S. Securities and Exchange Commission's decision on their proposed spot Sui (SUI) ETF, after getting the runaround from the regulator earlier this month.

But wait, there's more! Canary Capital just registered another Delaware trust, this time for a Staked Sei (SEI) ETF. They're not stopping there—days before, they threw down a Form S-1 for a Staked Tron (TRX) ETF, laying out similar staking mechanics that are set to blow your mind.

And if you thought that was it, think again. Canary has been busy filing proposals left and right, from ETFs tied to Solana (SOL), Axelar (AXL), and Ripple (XRP), to a mind-blowing filing for an ETF that tracks the entire Pudgy Penguins (PENGU) ecosystem. We're talking exposure to the PENGU governance token and those hot NFTs everyone's talking about.