Canary Capital Establishes Delaware Trust Fund to Bet on Injective ETF

According to ChainCatcher, as reported by Cointelegraph, fund manager Canary Capital has established a trust fund in Delaware named "Canary Staked INJ ETF," aimed at launching a fund based on staking Injective tokens. This move is the first step in launching an ETF, typically conducted before submitting further documents to the U.S. Securities and Exchange Commission (SEC). The native token of Injective, INJ, has risen by 3.7% in the past 24 hours, indicating a positive market reaction to the news.