The Canary Capital Investment Company filed an S-1 application for a staked INJ (Inj) Funds exchanged by Exchange (ETF) along with the United States Securities and Exchange Commission (SEC) on Thursday.
The INJ is the management, staking and utility token for the injective protocol, a layer-1 blockchain network dedicated to decentralized financial operation (DEFI).
One of the main goals of the fund is to climb rewards by providing verification services using a “approved staking platform,” the File Reading.
Canary Capital formed a confidence in Delaware For its staked injective ETF in June, the tipping plans for the Altcoin investment vehicle. The application has marked the latest Altcoin ETF filing in the US.
The application also reflects the Traditional and Decentralized Finance company (Defi). This trend has accelerated following the guide from the classification of staking rewards as income and not security transactions subject to capital revenues, opening the door for asset managers to act as validators by delegate staking.
Related: The SEC has delayed the redemption decision of the type for bitwise crypto ETF
The line between tradfi and defi blurs, polarizing the crypto community
Traditional and decentralized finances are Convert to a single sector.
Zaltzman told the audience at the RWA Summit 2025 in Cannes, France, that the separation between the two financial areas could disappear within a few years.
This scene between digital and traditional finances will also open up opportunities for retail investors to access previously inaccessible investments, including private equity, Blurring the line Between accredited and retail investors, Coinfund President Christopher Perkins told Cointelegraph.
Other crypto investors argue that integration in the two sectors is inevitable and that The mass adoption will come by integration of two worlds. Not everyone in the crypto community is convinced of this positive outlook, however.
“Institutions and ETFs are bad for crypto,” investing Nick Rose write In X. “Everyone makes fun of flowing like free money, but Wall Street doesn’t hodl, they fence, rotate, and drop when the ‘exit’ risk models say
“Institutions manage exposure, earn revenue, rebalance portfolios, etc. Crypto is not built for quarterly reports,” he said.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
