@BKBriefing

Repeat after me: July is the month $INJ 🇺🇸 https://t.co/SH9oP1EnqB

🚨 BREAKING: Canary Capital filed a major S-1/A amendment for the Canary Staked $INJ ETF yesterday (June 25, 2026), laying bare the definitive institutional blueprint for Injective. 1⃣ Ticker & Exchange: The ETF will list and trade under ticker $INJS on the Cboe BZX Exchange. 2⃣ Yield Advantage: A spot ETF that actively stakes its INJ holdings to earn native PoS rewards, with staking program fees strictly capped at 10% of rewards. 3⃣ Custody & Insurance: BitGo serves as custodian, securing private keys in offline cold storage, backed by a $250 million Lloyd’s of London insurance policy. 4⃣ SEC-Compliant Structure: Strict cash-only creation/redemption model so Authorized Participants never directly handle INJ. Major trading desks including Jane Street, Cumberland, and FalconX will execute the underlying spot transactions. 5⃣ Liquidity Management: To address Injective’s 21-day unbonding period, the fund will maintain a dedicated unstaked INJ reserve to enable smooth, immediate redemptions. 6⃣ Regulatory Clarity: The filing directly leverages the March 2026 joint SEC/CFTC interpretive release that classified assets like INJ as "Digital Commodities." A strong step forward for a staked INJ ETF!