Canary Files First Staked INJ ETF Amid Rising Crypto Institutional Interest

The U.S. Securities and Exchange Commission has received an application for the Canary Staked INJ ETF, a new investment product that would offer institutional and retail investors exposure to staked Injective (INJ) tokens through a regulated fund structure. The proposal, submitted by Canary Capital, is among the first to integrate staking—where investors earn rewards by supporting blockchain validation—into a traditional ETF framework [1]. The fund, which is listed on the Cboe BZX Exchange, aims to bridge the gap between mainstream finance and emerging blockchain technologies by providing a compliant way to access yield-generating digital assets [2].

Canary Capital’s application is led by Steven McClurg, a former chief investment officer at Valkyrie, and underscores the firm’s position at the forefront of institutional crypto innovation. The ETF’s structure is designed to simplify access to staking rewards, potentially lowering the barrier for investors who might otherwise struggle with the technicalities of node management or key security [1]. The proposal aligns with growing institutional interest in crypto-based yields, particularly as regulatory clarity around staking has improved in recent months [2].

The submission follows broader regulatory activity from the SEC, which has been evaluating a range of crypto ETF proposals with an eye toward investor protection and market integrity. While delays and inconsistencies in the agency’s review process have drawn criticism, the filing of the Canary Staked INJ ETF highlights the increasing momentum behind crypto-linked investment products. Analysts suggest that a successful approval could serve as a benchmark for future staking ETFs, potentially setting a precedent for broader adoption of similar instruments [1].

The potential approval of the fund could also influence the market dynamics of Injective (INJ), a layer-1 blockchain that supports decentralized exchange infrastructure. Staking-enabled ETFs could enhance the token’s liquidity and reinforce its role within the crypto ecosystem. Industry observers note that past crypto ETF announcements have historically coincided with price appreciation, partly driven by increased investor interest and regulatory clarity [1].

The Canary Staked INJ ETF application represents a significant milestone in the evolution of digital asset investment strategies. If approved, it could serve as a model for future staking-based products and further integrate blockchain yields into mainstream financial portfolios. The outcome of the SEC’s review will be closely watched by both market participants and regulators, as it could signal a broader shift toward institutional-grade access to digital assets [2].

Source: [1] Cryptorank – [https://cryptorank.io/news/feed/eea2d-cboe-files-for-first-of-its-kind-staked-injective-inj-etf](https://cryptorank.io/news/feed/eea2d-cboe-files-for-first-of-its-kind-staked-injective-inj-etf)

[2] Coincu – [https://coincu.com/news/sec-canary-staken-inj-etf/](https://coincu.com/news/sec-canary-staken-inj-etf/)