Renatov 🎩 Ⓜ️
@renatov.eth
2870 Following
2629 Followers
34 replies
6 recasts
49 reactions
13 replies
1 recast
28 reactions
14 replies
3 recasts
34 reactions
6 replies
1 recast
19 reactions
8 replies
3 recasts
27 reactions
$INJ Staked ETF: A New Bridge Between DeFi and TradFi
https://x.com/Rencrypta/status/1945141030069674304
The $INJ Staked ETF is a new financial product designed to give investors access to @injective native token (INJ), while also earning staking rewards. This product makes it easier for traditional finance (TradFi) investors to join the world of decentralized finance (DeFi) without needing to manage wallets or staking manually.
What is $INJ used for?
The INJ token powers the Injective network. It’s used for:
- Governance (voting)
- Staking
- Paying fees
- Developer incentives
What is the $INJ Staked ETF?
Main Idea: The $INJ Staked ETF tracks the price of INJ while also collecting staking rewards. Investors get exposure to both price growth and passive income without doing the staking themselves.
Why is it important? It helps TradFi investors access DeFi in a regulated, easy, and familiar way. No need for private keys, validators, or staking knowledge.
Key Events and Players
1. Canary Capital's Trust Registration (USA)
- Date: June 10, 2025
- Name: Canary Staked INJ ETF
- Goal: Launch a U.S.-based ETF that includes staking rewards
- Current status: Registered as a trust in Delaware — not yet approved by the SEC
- Regulatory challenge: SEC has concerns about staking ETFs, so approval may take time
Following the news of the trust registration, the price of INJ rose by 5% in a day, indicating a positive market reaction and potential interest from investors.
2. 21Shares Injective Staking ETP (AINJ) (Europe)
- Launch Date: July 9, 2024
- Exchange: Cboe Europe
- AUM: ~$2.09 million
- NAV per share: $11.96
- Ticker: AINJ
- Management fee: 2.5%
- Custody: Coinbase, Copper (cold wallets)
- Benefit: Earns and reinvests staking rewards
This product is already live in Europe and shows that institutional interest in INJ is growing.
If Canary Capital's Trust Registration will be approved, the ETF could deepen the scarcity of INJ tokens (over 50% is already staked) and support price growth through institutional capital flows. It could also set a precedent for other staking ETFs.
Risks and Challenges
The SEC is cautious about staking ETFs, and Canary has not yet filed official forms like S-1 or 19b-4. INJ is volatile and currently down around 76% from its all-time high. Staking rewards are not fixed and depend on validator performance and overall network activity. The 21-day unbonding period for staked INJ could impact ETF liquidity. Additionally, the AINJ ETP by 21Shares is already live in Europe, which may reduce the uniqueness and competitive advantage of a future U.S.-based ETF.
Conclusions
The registration of “Canary Staked INJ ETF” is a significant step toward integrating $INJ into traditional finance, but regulatory hurdles and uncertainty remain key challenges. The positive market response and the existing European counterpart from 21Shares highlight the product’s potential to become a catalyst for the growth of INJ and the DeFi ecosystem as a whole. 2 replies
4 recasts
20 reactions
39 replies
16 recasts
69 reactions
11 replies
334 recasts
171 reactions
61 replies
11 recasts
94 reactions
18 replies
9 recasts
53 reactions
2 replies
2 recasts
23 reactions
43 replies
81 recasts
94 reactions
3 replies
2 recasts
28 reactions
29 replies
5 recasts
61 reactions
4 replies
1 recast
23 reactions
19 replies
4 recasts
51 reactions
6 replies
2 recasts
21 reactions
15 replies
2 recasts
35 reactions
7 replies
4 recasts
17 reactions
31 replies
74 recasts
86 reactions