Fund manager Canary Capital has taken a typical first step for an ETF, creating a Delaware trust for a fund that would stake the Injective token.
The native token behind the Injective blockchain could be getting an exchange-traded fund in the US, as Canary Capital created a trust in Delaware for a product that appears to offer staking exposure to the token.
The Delaware Division of Corporations website shows the entity “Canary Staked INJ ETF” was formed on Monday, the asset manager’s apparent first step to offering a fund based around staked Injective (INJ).
Filing for a trust in Delaware is usually the first step an ETF issuer takes before further filings are made with the Securities and Exchange Commission to launch an ETF for trading.
