Crypto ETFs are entering their next phase 👀

The ETF conversation around $BTC and $XRP has made familiar exchange-traded access one of crypto’s largest institutional themes.

Until now, much of the focus has been on giving investors exposure to an asset through a traditional brokerage account, now I think the next stage will ask whether these products can preserve more of what makes the underlying network economically useful.

For proof-of-stake assets, that means considering whether staking can be built into the product instead of remaining completely separate from it.

Canary Capital’s proposed Staked INJ ETF brings that idea into the Injective thesis.

If launched as proposed, it would give investors and institutions a familiar route into INJ with staking built directly into the product’s design.

For me, Injective is one to watch as the ETF market begins exploring this direction 🔥

#Macro Insights#