Canary Staked INJ ETF launches on Nasdaq under ticker INJC
Canary Staked INJ ETF starts trading on Nasdaq
Canary Capital has launched the Canary Staked INJ ETF. The fund trades on the Nasdaq under the ticker INJC.
An ETF is a fund traded on a stock exchange, like a share. This fund is linked to Injective's native token, called INJ.
Key details on ticker INJC and staking
- The fund will trade on the Nasdaq under the ticker INJC.
- It seeks to earn additional INJ through Injective's proof-of-stake validation process.
- Net staking rewards will be reflected in its net asset value.
- Staking means locking tokens to help validate transactions on a blockchain.
What Canary and Injective leaders said
Canary Capital CEO Steven McClurg said in a press release that Injective was designed for trading, tokenization, markets, and financial applications. He said investors are increasingly looking past the largest digital assets toward specialized networks building on-chain financial infrastructure.
Injective CEO Eric Chen said investors can now gain exposure to INJ through the brokerage accounts they already use. He said Canary's launch connects Injective's mission to bring financial markets onchain to a broader base of investors.
Injective activity reported ahead of launch
Injective is a Layer 1 blockchain, meaning a base network, focused on onchain financial applications. These include trading, derivatives, and tokenization.
Injective's native token was up more than 5% on Thursday, the day of the report on November 5, 2026. Injective says it has tokenized over $1 billion in assets to date.
As of October 22, Injective had processed more than 3.13 billion transactions. It had also permanently burned more than 7.27 million INJ across its monthly token buybacks. Burning means removing tokens from circulation.
In August, Injective's affiliate Injective Institutional Services became an SEC-registered transfer agent. A transfer agent records ownership of securities. Chen told The Block last month that transfer agent registration is basically the very start for U.S. licensing. He said an Injective institution can actually be the clearinghouse for settlement.
Two other INJ ETF applications in progress
Two other ETF applications are tied to INJ. They are the 21Shares Injective ETF and the REX-Osprey INJ Staking ETF. The source describes them as proposed applications.
Source for this report
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