Solana News Today: Injective Price Jumps 5% After Cboe Files Staked ETF

Injective (INJ) experienced a notable price surge following the Chicago Board Options Exchange (Cboe)’s filing for a staked ETF tied to the token. The move, submitted on behalf of investment firm Canary Capital, marks the first of its kind for the blockchain-based decentralized exchange, sparking immediate market reactions. On July 17, Cboe filed an S-1 application for a spot "staked" ETF, which seeks to provide investors with exposure to Injective’s token while incorporating staking rewards [1]. The news ignited a 5% spike in INJ’s price, pushing it toward $16.35, though the token later corrected to $15.10 amid mixed market sentiment [2].

The staked ETF filing aligns with broader institutional interest in crypto assets, particularly those offering staking yields. Cboe’s BZX Exchange emphasized that the proposed fund would allow investors to access Injective’s ecosystem through a regulated vehicle, pending Securities and Exchange Commission (SEC) approval [3]. Analysts noted that the filing highlights growing demand for diversified staking-based products, especially as Injective’s market capitalization stands at $1.4 billion [4]. However, the market’s initial euphoria was tempered by a subsequent 5% decline in INJ’s 24-hour price, reflecting volatility typical of early-stage ETF-driven rallies [5].

The regulatory implications of the filing remain a focal point. While Cboe has submitted a 19b-4 filing—a procedural step for ETF listings—the approval process hinges on the SEC’s evaluation of the fund’s compliance with existing securities laws [6]. This uncertainty has led to cautious optimism among traders, with some analysts forecasting a potential price breakout to $21 or even $30 if the ETF gains traction [7]. Such projections, however, remain speculative and depend on broader market conditions, including macroeconomic factors and the performance of competing crypto ETFs.

The staked Injective ETF also underscores a strategic shift in how institutional investors engage with crypto assets. By incorporating staking rewards into the fund’s structure, Cboe aims to differentiate the offering from traditional spot ETFs, which do not inherently include yield-generating mechanisms [8]. This innovation could attract a new segment of investors seeking passive income from their crypto holdings, particularly as staking becomes a more mainstream feature of digital asset portfolios.

Market participants are closely monitoring whether the SEC will approve the proposal, which could set a precedent for other staked ETFs. The filing has already drawn comparisons to Cboe’s recent Solana-based ETF applications, further emphasizing the exchange’s role in expanding institutional access to crypto markets [9]. For Injective, the filing represents a significant milestone in its journey toward mainstream adoption, potentially enhancing the token’s liquidity and visibility.

The event heralds wider mainstream acceptance for staked Layer 1 tokens and sparked immediate market volatility, highlighting the potential for broader institutional adoption. Historical precedents, such as previous Bitcoin and Ethereum ETF approvals, indicate potential institutional flow shifts. This event might enhance market liquidity and depth for INJ. The SEC concluded that certain blockchain staking activities do not constitute securities offerings, removing a critical obstacle and providing long-awaited clarity for both fund issuers and the broader industry.

The potential approval may lead to substantial technological and financial shifts. Data and analyses suggest enhanced Layer 1 staking narratives. The correlation with other tokens like Solana and Ethereum hints at broader sector implications.

Sources:

[1] https://crypto.news/injective-price-pares-gains-after-etf-driven-spike/

[2] https://www.ainvest.com/news/solana-news-today-cboe-files-staked-injective-etf-seeks-staking-fund-approval-2507/

[3] https://cryptodnes.bg/en/cboe-bzx-files-for-injective-based-etf-alongside-solana-fund-proposal/

[4] https://thecurrencyanalytics.com/altcoins/cboe-pushes-for-invesco-galaxy-solana-etf-listing-adds-staking-rewards-187872

[5] https://m.economictimes.com/crypto-news-today-live-30-jul-2025/liveblog/122982426.cms

[6] https://startupnews.fyi/2025/07/29/cboe-files-for-staked-inj-etf-on-behalf-of-canary-capital/

[7] https://cryptorank.io/news/feed/eea2d-cboe-files-for-first-of-its-kind-staked-injective-inj-etf

[8] https://cryptoadventure.com/injective-inj-eyes-30-after-breakout-and-historic-staked-etf-filing

[9] https://bloomingbit.io/en/feed/news/93753