The Injective Foundation plans to invest up to $15 million in Canary Capital's $INJ staking ETF at $25 per share as seed capital. The fund aims to list on Nasdaq under the ticker symbol #INJC
This is great ninja news and a very special focus on receiving staking rewards that are reinvested directly into the fund.
Commissions:
- Annual sponsor fee 1.10%
- 30% of staking rewards go to commissions, providers, custodian, sponsor, the fund retains 70% of the rewards.
The Injective Foundation buys shares for $INJ, which shows direct support and gives the fund start-up capital. This is the first US-listed INJ staking ETF, Europe already has #AINJ , which will allow institutional and ordinary investors to gain regulated access to INJ staking through a regular brokerage account without wallets or keys.
Registration is still pre-effective - listing and trading are subject to SEC approval. This is a step towards institutionalizing Injective in the US amid growing interest in staking ETFs.
I'm confident the next era of decentralized finance is licensed in America. #Altcoin Season#
This is great ninja news and a very special focus on receiving staking rewards that are reinvested directly into the fund.
Commissions:
- Annual sponsor fee 1.10%
- 30% of staking rewards go to commissions, providers, custodian, sponsor, the fund retains 70% of the rewards.
The Injective Foundation buys shares for $INJ, which shows direct support and gives the fund start-up capital. This is the first US-listed INJ staking ETF, Europe already has #AINJ , which will allow institutional and ordinary investors to gain regulated access to INJ staking through a regular brokerage account without wallets or keys.
Registration is still pre-effective - listing and trading are subject to SEC approval. This is a step towards institutionalizing Injective in the US amid growing interest in staking ETFs.
I'm confident the next era of decentralized finance is licensed in America. #Altcoin Season#
