Canary Capital just got one step closer to launching a staking-based crypto ETF in the United States by setting up a Delaware trust called the Canary Staked INJ ETF, according to its official recent corporate filings. It’s the exciting first big move toward a US-listed exchange-traded fund for the Injective

• Canary Capital just set up a Delaware trust for a staked INJ ETF, looking to give investors access to both INJ’s price movements and its staking rewards.
• If the SEC gives the green light, it could become one of the first staking ETFs in the U.S.—a big step for bringing more on-chain yield into traditional markets.

Canary Capital just got one step closer to launching a staking-based crypto ETF in the United States by setting up a Delaware trust called the Canary Staked INJ ETF, according to its official recent corporate filings. It’s the exciting first big move toward a US-listed exchange-traded fund for the Injective (INJ) token, mixing price exposure and staking rewards into one fully regulated vehicle.

Delaware Registration Sets the Stage

Kicking things off with a Delaware statutory trust is pretty much the standard move when you’re gearing up to launch an ETF. It’s one of those legal must-dos that comes before anything gets filed with the SEC. While it doesn’t guarantee approval, this step makes it clear that Canary Capital is serious about bringing staking-focused assets into the regulated finance space.

Canary already filed for a TRX staking ETF not too long ago, and now with this INJ-specific trust, they’re clearly pushing further into the proof-of-stake game. The trust gives investors a shot at both INJ’s price gains and staking rewards—without the hassle of holding tokens themselves or dealing with any of the technical setup.

We haven’t seen any SEC filings like a Form S-1 or 19b-4 just yet, but this move lines up with what firms like 21Shares are already doing—like their INJ ETP in Europe, which offers similar features. The fact that these products are picking up traction overseas might be a sign that U.S. markets are getting closer to embracing ETFs that mix digital asset yield with price exposure. INJ’s price jumped around 3–4% after news of the trust dropped, showing there’s real interest in an easier way to tap into a project that connects traditional finance with the world of decentralized tech.

Toward SEC Filings and a Competitive ETF Market

Canary’s next step is to file with the SEC to officially kick off the approval process. That filing will lay out the key details—how the fund is structured, what the fees look like, who handles custody, and how staking rewards get passed on. So far, nothing’s been made public yet.

This move drops at a time when the U.S. crypto ETF scene is heating up fast. Asset managers are in a race to roll out new products that mix DeFi perks with the guardrails of regulation. While 21Shares is ahead in Europe, Canary’s bigger game plan—with staking ETF proposals tied to Solana, Hedera, Litecoin, SEI, and even meme coins—makes it clear they’re aiming to tap into a wide range of investor interest.

If it gets the green light, the staked INJ ETF could open up an easier, more institutional-friendly way into crypto staking, a space that’s usually seen as too complex or risky for traditional players. Still, this move puts Canary right at the edge of what could be a new wave of crypto funds. If it works out, it might open the door for more staking ETFs to follow—and speed up how decentralized protocols start blending into the world of traditional finance.

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