Canary, the issuer of the U.S. stock ETF, has officially submitted an application for the INJ ETF! Just took a look, Canary, the issuer of the U.S. stock ETF, has officially submitted an application for registration of an INJ pledged spot ETF in Delaware, USA, with the product name Canary Staked INJ ETF. Unlike traditional spot ETFs, this ETF has explicit terms; All the incoming INJ will be used to participate in mainnet staking, directly join the on-chain verification process, obtain the block income of the PoS network, and truly bring the on-chain mechanism into the U.S. stock financial system! ▰▰▰▰▰ Why did Canary choose INJ? Canary is not the first time to deploy a pledged ETF. It has previously launched Staked ETFs for ETH and TRX. But this time with Injective, the signal is clear: 🥷🏻 Injective is one of the few PoS networks that can meet the requirements of high staking yield + strong mainnet security at the same time 🥷🏻 INJ itself is strongly deflationary, and the token model brings additional appeal to ETF products 🥷🏻 The ecosystem is expanding rapidly, and real financial infrastructure effects (DEXs, derivatives, oracle modules, etc.) have been formed Canary clearly sees INJ not just as a token, but as a part of the next generation of on-chain financial underneath! ▰▰▰▰▰ Key figures as of June 2025 🥷🏻 The current market capitalization of $INJ is about $1.36 billion 🥷🏻 The total supply is 100 million, of which about 58% (about 58 million) has been staked 🥷🏻 At current prices, the pledged portion is worth about $780 million This shows that INJ is a network with high staking participation, and once the ETF is approved, it may directly affect the existing staking structure and the supply and demand of circulation! ▰▰▰▰▰ Why is this important? From the perspective of market capitalization and structure, Injective is currently one of the few RWA public chains that can be truly undertaken by pledged ETFs! ETF products will further increase the lock-up ratio of INJ, bring about tighter supply and form potential support for currency prices~ The increase in staking rate will also enhance the security and mainnet activity of the Injective network, and more importantly, it represents a trend; PoS yields are gradually being financially productized, and Injective is becoming a part of this trend! ▰▰▰▰▰ In the end, this news has not been noticed by many people yet, but for INJ, it may be as significant as the moment when the BTC ETF was approved in the first place. It is not a simple change to spot, but to let the on-chain income mechanism be incorporated into the financial structure of Wall Street! This step is worth a lot! #INJ #Injective @KaitoAI #Yap @InjectiveLabsCN