The native token behind the injective blockchain could obtain a negotiated stock market in the United States, because the capital Canary has created a Delaware trust for a product that seems to offer an exhibition to the token.
The website of the Delaware company division shows that the entity “Canary Staked INJ ETF” was formed on Monday, the first apparent step of the asset manager to offer an injective -based fund (INJ).
FNB Crypto usually start with Delaware Trust
The deposit of a trust in Delaware is generally the first step that an ETF transmitter made before other deposits are made to the Securities and Exchange Commission to launch an ETF for trading.
The creation of a Delaware trust does not necessarily mean that a fund manager will follow up with an ETF, but several ETF Crypto-Tracking began with the creation of a Delaware-based trust.
There is currently no details on the INJ Fund of Canary Capital, but the company filed an ETF in April to hold the native token of Tron Blockchain, TRX (TRX), and play part of the tokens to generate a yield, lock some of them to support the blockchain to receive more tokens as a reward.
Asset Manager 21Shares launched a negotiated product in an injective exchange in Europe in July which follows in the same way the INJ token and captures the yield of jealous for reinvestment.
Canary Capital did not immediately answer questions about his Delaware trust.
Injective tokens gains on a possible ETF
The injective token earned 3.7% in the last 24 hours in the creation of Delaware Trust by the capital of Canary, the blockchain account sharing the news of the trust on Monday.
INJ has more than 10.5% over the week while Dappradar shows that blockchain experienced a slight increase in transactions and users during this period.
In relation: The BlackRock Bitcoin Fund blows $ 70 billion in record rhythm for ETF
The injective occurs as a layer-1 blockchain focused on artificial intelligence agents and active active worlds and actions, areas that are part of the applications currently fashionable for crypto.
Dry concerned with the ETF of the crypto
Fund transmitters asked for various new ETF Crypto as part of the Trump administration, which is committed to loosening cryptographic regulations. However, the SEC has raised concerns that the crypto milestones may not be legally authorized under securities laws.
Last month, the regulator staff said to Rex Financial and Osprey Funds, who seek to launch ETF according to ether (ETH) and Solana (soil) with an exercise, that funds with their current structure may not respond to the definition of an investment company, which is necessary to list the exchanges.
Analysts are however optimistic that companies and dry can overcome the legal obstacle. “Rex lawyers say they can work,” Bloomberg ETF analyst Eric Balchunas wrote in a post on May 31.
Review: Danger sign for Bitcoin because the retail trade abandons it to institutions – Sky weekends
