Canary Launches Staked INJ ETF on Nasdaq

Canary Capital's staked INJ ETF began trading on Nasdaq on November 5, under the ticker symbol INJC. The fund directly holds INJ and is custodied by BitGo. The securities registration statement became effective on November 4, and it is expected that at least 90% of the INJ held by the fund will be used for staking. The fund charges an annual sponsor fee of 1.1% and is expected to deduct 30% from staking rewards as staking fees, with the remaining 70% belonging to the fund. Rewards are typically restaked and included in the daily net asset value, rather than being paid directly to investors.

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