Another staking-based altcoin ETF has moved one step forward.
Canary Capital’s Canary Staked INJ ETF has received approval for its Nasdaq listing application—the SEC’s Form 8-A12B states that the fund’s shares are proposed to be listed on Nasdaq under the ticker INJC. According to the prospectus filed earlier, under normal circumstances at least about 90% of the INJ will be staked on the network. BitGo will serve as custodian, and the annual management fee will be approximately 1.10%.
It is not officially on sale yet: shares cannot be sold until the S-1 registration statement becomes effective. Injective launched its institutional-focused Institutional Rail just two days ago, and the ETF has now reached the “exchange approved, awaiting effectiveness” stage. $INJ #ETF #Injective
Canary Capital’s Canary Staked INJ ETF has received approval for its Nasdaq listing application—the SEC’s Form 8-A12B states that the fund’s shares are proposed to be listed on Nasdaq under the ticker INJC. According to the prospectus filed earlier, under normal circumstances at least about 90% of the INJ will be staked on the network. BitGo will serve as custodian, and the annual management fee will be approximately 1.10%.
It is not officially on sale yet: shares cannot be sold until the S-1 registration statement becomes effective. Injective launched its institutional-focused Institutional Rail just two days ago, and the ETF has now reached the “exchange approved, awaiting effectiveness” stage. $INJ #ETF #Injective
