SEC Opens Comment Period for Staked INJ ETF

The US SEC is now reviewing a proposal for a staked Injective (INJ) ETF, launching a 21-day public comment period on the Canary Staked INJ ETF.

If approved, the fund would track the native asset of the Injective blockchain and trade on the Cboe BZX Exchange.

The exchange argues that INJ’s $1.4 billion+ market cap and global, continuous trading make its market difficult to manipulate.

This filing is part of a growing trend of firms proposing crypto ETFs that incorporate staking rewards, following recent submissions for funds tracking assets like Solana and Dogecoin. Last week, VanEck filed for a similar product, a JitoSOL ETF.