Injective just got a Wall Street wrapper with a twist: staking.
Nasdaq approved the listing of Canary Capital's staked INJ ETF, ticker INJC (per SEC filing).
$INJ led the CoinDesk 100 gainers, up ~6% since midnight UTC and ~10% over 24 hours (CoinDesk).
Most spot ETFs hold the coin and earn nothing. A staked one can pass yield to holders, which could pull in a different kind of buyer.
Worth watching: first-week INJC flows vs. the HYPE and SOL products.
Will staking make ETFs the default wrapper for proof-of-stake coins? Yes or no?
Not financial advice.
#INJ #CryptoETF #Staking #Altcoins
Nasdaq approved the listing of Canary Capital's staked INJ ETF, ticker INJC (per SEC filing).
$INJ led the CoinDesk 100 gainers, up ~6% since midnight UTC and ~10% over 24 hours (CoinDesk).
Most spot ETFs hold the coin and earn nothing. A staked one can pass yield to holders, which could pull in a different kind of buyer.
Worth watching: first-week INJC flows vs. the HYPE and SOL products.
Will staking make ETFs the default wrapper for proof-of-stake coins? Yes or no?
Not financial advice.
#INJ #CryptoETF #Staking #Altcoins