While the market’s Extreme Fear Index was at 25 and BTC was bottoming around $76,000, one asset had quietly risen for three days straight. $INJ is currently trading at around $8.2, up about 16% in a week, climbing from $7.19 to above $8.5: the 10,000 USDT bought at $7.25 on November 3 is now worth about 11,400 USDT, after briefly reaching 11,800 USDT. The catalyst is significant: Canary’s staked INJ ETF (INJC) was approved for listing on Nasdaq on November 4, with at least 90% of its holdings allocated to staking. On Thursday, when BTC fell about 5%, it rose about 5%. Its market cap is around $830 million, ranking 82nd, with 24-hour trading volume of about $100 million. It is still down 84% from its all-time high of $52.62—is this rally just the beginning of the ETF-driven run, or has the good news already been priced in? #Injective #ETF