Canary Capital has established a new trust for a proposed exchange-traded fund (ETF) centred on staked Injective (INJ), aiming to provide investors with direct exposure to staking yields from the Injective blockchain.
Officially registered with the Delaware Division of Corporations, the “Canary Staked INJ ETF” is designed to deliver returns through Injective’s native staking infrastructure.
BREAKING: CANARY STAKED $INJ ETF REGISTERED IN DELAWARE 🚨
— Injective 🥷 (@injective) June 9, 2025
While the filing does not guarantee the ETF’s launch, it follows a well-worn path typical of crypto ETF issuers preparing for market entry. Adding further context, a similar Injective-based product is already available in Europe, where asset manager 21Shares offers an ETP that incorporates staking rewards, underscoring the rising global interest in yield-generating crypto assets.
This initiative builds on Canary Capital’s growing list of staking-focused ETF proposals. In May, the firm filed for a Staked Cronos (CRO) ETF, aimed at offering investors access to both CRO tokens and their associated staking yields. At the same time, Canary is awaiting a decision from the U.S. Securities and Exchange Commission (SEC) regarding its proposed spot Sui (SUI) ETF following the regulator’s recent delay in its response.
Expanding its staking strategy further, Canary has also registered a trust for a proposed Staked Sei (SEI) ETF. If launched, the fund would enable investors to benefit from SEI token staking rewards, reflecting the firm’s continued momentum in introducing staking-linked crypto products.
Adding a novel dimension to its ETF ambitions, Canary has filed for a first-of-its-kind ETF tracking the Pudgy Penguins (PENGU) ecosystem. The proposed fund would combine exposure to the PENGU governance token with related NFT assets, bridging the gap between decentralized governance and digital collectibles.
Additionally, the firm has launched the Canary AXL Trust, a private investment vehicle focused on AXL, the native token of the Axelar Network. Targeted at institutional and accredited investors, this marks the first trust built around a blockchain interoperability protocol, further illustrating Canary’s commitment to broadening digital asset investment beyond Bitcoin and Ethereum.
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