Canary Capital has set up a Delaware trust for a proposed Injective ETF. This is a typical first phase for ETF issuers, as it allows them to take steps toward launching an investment fund.
After the announcement of the trust, the Injective token (INJ) experienced a 3.7% increase in price, continuing a positive trend seen over the previous week.
Despite the growing interest in crypto ETFs, the SEC has raised legal concerns regarding staking ETFs, suggesting that the outlined structures may not comply with current investment regulations.
Leave a Reply