Nasdaq approved the listing of an INJ ETF that stakes its holdings.
The Defiant reported that Canary’s fund, named INJC, plans to stake at least 90% of its INJ holdings, with an annual sponsor fee of 1.10%. The approval covers the listing, while the fund structure specifies two key parameters: the staking allocation and the fee.
· For investors, this is a product that wraps staking rewards in an ETF, with the 1.10% fee deducted directly from returns.
· 90% is a minimum, not the full amount; the source doesn’t specify what will be done with the remainder.
Would you look at its staking yield first, or calculate how much the 1.10% fee will eat into returns?
$INJ
The Defiant reported that Canary’s fund, named INJC, plans to stake at least 90% of its INJ holdings, with an annual sponsor fee of 1.10%. The approval covers the listing, while the fund structure specifies two key parameters: the staking allocation and the fee.
· For investors, this is a product that wraps staking rewards in an ETF, with the 1.10% fee deducted directly from returns.
· 90% is a minimum, not the full amount; the source doesn’t specify what will be done with the remainder.
Would you look at its staking yield first, or calculate how much the 1.10% fee will eat into returns?
$INJ
