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Injective (INJ) jumps 27% after two US ETFs plan to hold and stake the token

Market News
16 Oct 2026
Tokenpost
View Source
Bullish
Injective (INJ) jumps 27% after two US ETFs plan to hold and stake the token

Injective (INJ) surged 27.43% to $9.269 following announcements that two proposed U.S. ETFs plan to hold and stake the token. The 21Shares Injective ETF may stake part of its holdings if it poses no legal risk, while the Canary Staked INJ ETF intends to stake at least 90% of its holdings. These ETFs aim to list on Nasdaq, but the filings do not confirm that ETF plans caused the price rise. INJ is used for staking, governance, and transaction fees on the Injective Network, making these ETF proposals notable for the token's future demand and liquidity.

Following the news of ETF proposals involving Injective, the token shows a more modest gain on Pluang, up 1.32% to Rp156.826 as of Oct 17, 2026, 09:02 WIB. The market cap stands at Rp15.74 trillion with a 24-hour trading volume of Rp5.04 trillion. On Pluang, buying interest dominates with 64% of order activity, and typical holders keep their INJ for about 38 days, indicating steady engagement despite the recent price surge.

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