Canary Capital Moves to Bring Staked INJ to Wall Street With a New ETF
Canary Capital has taken a pioneering step by filing for the first-ever staked Injective ETF with the U.S. Securities and Exchange Commission, sparking a nearly 5% surge in INJ’s price in the past 24 hours.
The ETF, called the Canary Staked INJ ETF, aims to give investors direct, regulated access to Injective’s staking ecosystem. Instead of passively holding tokens, the fund will actively stake INJ on the proof-of-stake Injective network, allowing investors to tap into DeFi-native yield through a traditional investment vehicle.
The filing reflects growing institutional interest in Injective, which has attracted support from players like Google Cloud and T-Mobile, and follows Injective Labs’ engagement with the SEC on DeFi regulation policy.
Canary Capital had previously submitted ETF applications for XRP and Solana, and recently established a Delaware trust for the staked INJ fund to support regulatory approval efforts.
The proposal lands during a crucial moment in U.S. crypto policy, as Congress debates multiple bills under the banner of Crypto Week 2025—decisions that could directly shape the future of this ETF and others like it.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
