Canary Capital has submitted an application to the SEC for an ETF featuring INJ tokens. This could represent a significant step for crypto investors.
ETF Application Submission
Canary Capital has filed for a new ETF that includes staking with Injective's native token, INJ. This move is aimed at bridging traditional and decentralized finance. The application was submitted on July 17 and draws on the company's successful track record in cryptocurrency asset management.
Community Reaction and Support
The Injective community has responded positively to the news of the ETF application, highlighting its importance for achieving mainstream acceptance. Official channels, including Injective's Twitter, reflect widespread engagement and support for this initiative.
Interest in INJ Tokens and Crypto ETFs
In light of the ETF news, interest in cryptocurrency investments continues to grow. CoinMarketCap data from July 17 indicates that INJ is trading at $14.05, with a market cap of $1.40 billion. Over the past 90 days, the price has increased by 78.63%, and trading volume surged by 15.05%, reaching $203.39 million.
The Canary Capital ETF application for INJ tokens has the potential to alter the cryptocurrency market by providing a regulated platform for investors and fostering growth in interest towards the tokens.
