Canary Staked INJ ETF Starts Trading on Nasdaq

on November 5, according to The Defiant, Canary Capital's staking INJ ETF began trading on Nasdaq on November 5 under the ticker symbol INJC. The fund directly holds INJ, custodied by BitGo.

The fund's securities registration statement became effective on November 4. According to the final prospectus, at least 90% of the INJ held by the fund will be utilized for staking under normal circumstances.

The fund charges an annual sponsor fee of 1.10%. Additionally, 30% of staking rewards is expected to be withheld as a staking fee, with the remaining 70% accruing to the fund, from which the sponsor fee and other expenses are further deducted. Staking rewards are typically reinvested and factored into the daily net asset value, rather than paid out directly to investors.