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Canary Capital proposes first US staked INJ ETF with 1.10% fee and $15M seed from Injective Foundation

Market News
30 Oct 2026, 22:09 WIB
Crypto Briefing
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Neutral
Canary Capital proposes first US staked INJ ETF with 1.10% fee and $15M seed from Injective Foundation

Canary Capital plans to launch the Canary Staked INJ ETF on Nasdaq, allowing US investors to own Injective's INJ token and earn staking rewards without managing crypto wallets. The fund aims to stake 90% of its INJ holdings, reinvesting rewards to boost share value, while charging a 1.10% annual fee plus 30% of staking rewards as fees. The Injective Foundation supports the ETF with a $15 million seed investment in INJ tokens. Risks include price volatility, staking penalties, operational risks from third-party validators, and liquidity challenges due to a 21-day unbonding period. The ETF awaits SEC approval, which will determine its launch timeline.

The Canary Staked INJ ETF aims to bring regulated Injective staking to Nasdaq. For readers following the cryptocurrency market, here is Pluang's market snapshot as of Oct 31, 2026 02:21 WIB: out of 50 major cryptocurrencies, 3 rose and 46 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase, THETA at Rp2.838 down 11.28%, and XTZ at Rp4.581 down 9.73%.

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