Just checked the market, and I nearly thought my eyes were playing tricks on me: everything is getting slaughtered, $BTC has dropped to around 75,000, $ETH is down 8% in a day, and $INJ is actually in the green—up more than 3% in 24 hours to around $8.3, and up over 14% for the week.
There’s only one reason: yesterday, Canary’s staked INJ ETF (INJC) opened on Nasdaq—the first US INJ ETF offering staking yield, with 90% of its holdings staked to earn yield.
With the broader market looking this awful, some people are still brave enough to chase the ETF narrative against the trend. When the nonfarm payrolls report drops at 21:30 tonight, will INJ keep carrying the torch, or will it follow the market lower?
A: ETF money has just started flowing in. Strength against the trend is real strength—get in
B: The broader market hasn’t stabilized. The green will turn red sooner or later—sit this one out
$INJ $BTC $ETH
#Injective #ETF #AgainstTheTrend
There’s only one reason: yesterday, Canary’s staked INJ ETF (INJC) opened on Nasdaq—the first US INJ ETF offering staking yield, with 90% of its holdings staked to earn yield.
With the broader market looking this awful, some people are still brave enough to chase the ETF narrative against the trend. When the nonfarm payrolls report drops at 21:30 tonight, will INJ keep carrying the torch, or will it follow the market lower?
A: ETF money has just started flowing in. Strength against the trend is real strength—get in
B: The broader market hasn’t stabilized. The green will turn red sooner or later—sit this one out
$INJ $BTC $ETH
#Injective #ETF #AgainstTheTrend
