Canary Capital launched the Canary Staked INJ ETF, offering exposure to Injective’s native INJ token through a fund trading on Nasdaq under INJC, The Block reported on November 5, 2026.
The fund seeks to earn additional INJ by participating in Injective’s proof-of-stake validation process. Net staking rewards are reflected in its net asset value; the report did not specify a staking yield.
Market snapshot and access
INJ was up more than 5% on Thursday, according to the report. That price observation does not establish that the ETF launch caused the gain.
Injective CEO Eric Chen said in a Thursday release that the fund allows investors to gain INJ exposure through their existing brokerage accounts. Canary Capital CEO Steven McClurg described investor interest in specialized networks beyond the largest digital assets, presenting that as the firm’s view rather than a measured fund-flow trend.
Two other INJ-linked ETF applications were also pending: the 21Shares Injective ETF and the REX-Osprey INJ Staking ETF. These were proposed products, not additional launches.
Network activity and tokenization context
Injective is a Layer 1 blockchain focused on on-chain financial applications, including trading, derivatives and tokenization. The report included these dated network and adoption figures:
- As of October 22: more than 3.13 billion transactions processed and more than 7.27 million INJ permanently burned through monthly token buybacks.
- At the time of reporting: Injective said it had tokenized more than $1 billion in assets.
- In August: affiliate Injective Institutional Services became an SEC-registered transfer agent.
Speaking to The Block the previous month, Chen characterized transfer-agent registration as an initial step in U.S. licensing and said an Injective institution could act as a clearinghouse for settlement. That statement described potential capabilities, not a separately confirmed clearinghouse launch.
The ETF adds a brokerage-based route to INJ exposure with a staking component. The reported price move, cumulative network activity and tokenization figures describe different aspects of the market; they do not by themselves establish ETF demand or a future price direction.
Original source: The Block. Published November 6, 2026, at 00:52:54 UTC+8 (November 5, 2026, at 16:52:54 UTC).