Canary Staked INJ ETF Begins Trading on Nasdaq

TechFlow News, November 5 — According to The Defiant, Canary Capital's Staked INJ ETF began trading on Nasdaq on November 5 under the ticker INJC. The fund holds INJ directly, with BitGo providing custody.

The fund's registration statement became effective on November 4. The final prospectus expects that, under normal circumstances, at least 90% of the INJ held by the fund will be staked.

The fund charges an annual sponsor fee of 1.10%. In addition, 30% of staking rewards are expected to be deducted as staking fees, with the remaining 70% accruing to the fund before sponsor fees and other expenses are deducted. Rewards are typically restaked and reflected in the daily net asset value rather than paid directly to investors.

Source: TechFlow