Oh, snap! The Cboe is filing to list Canary Capital’s staked Injective ETF, because apparently, the crypto world needed another way to turn your savings into digital confetti. Expanding regulated products? More like expanding the list of things that could go sideways. 📉😂
This whole shebang started with Canary Capital’s S-1 filing on July 17, and now Cboe’s dropping a 19b-4 like it’s no big deal. CryptoMoon spilled the beans, but let’s be real, is anyone surprised? The paperwork party continues! 🧻💼
The fund’s genius plan? Rake in staking rewards by validating stuff on some ‘approved’ platform. Because nothing screams reliability like a system that might as well say ‘trust us, it’s fine.’ Wink wink. 😏🚀
If the SEC says yes, this would be the third staked altcoin ETF, joining Solana and Ether in the ‘we made it’ club from June 30. Everyone’s staking now – it’s like the blockchain version of a group hug, but with more risk. 🤗💥
Timing is everything, and this filing drops during Trump’s crypto-friendly era, where innovation means more ways to invest and potentially lose your shirt. Because who needs stable regulations when you can have chaos? 🤪🇺🇸
where decisions move at the speed of a three-toed sloth. 🐌⏳
But wait, the full review could stretch to 240 days, so a decision might not drop until March 2026. By then, we could all be mining crypto on Mars or something. Fingers crossed! 🌌😂
Back in May, the SEC finally admitted staking isn’t illegal – huge win for crypto peeps. Alison Mangiero called it a ‘major step forward,’ which translates to ‘finally, we can stop hiding under our desks.’ Clarity? More like a breath of fresh air in a stuffy room. 😌💨
“Staking is just how blockchains roll, not some sketchy contract,” Mangiero told CryptoMoon. And she’s spot on – this clarity might actually help, or it could just lead to more confusion. You decide! 🤷♀️🔍
INJ could benefit from ETF inflows
If approved, this ETF would let normie investors dabble in Injective’s governance token, pumping up liquidity and making it the talk of the town. Because what could go wrong with more exposure? 😎📈
ETF money might rocket INJ back to its $52 high from March 2024 – it’s currently languishing at $15.10, down 71%. Ouch, that’s a faceplant waiting for a comeback. Will it happen? Stay tuned for the drama! 🎭😂
Bitcoin‘s ETF bonanza brought in 75% of new investments when it hit $50,000 in Feb 2024. Injective dreaming of similar glory? Or is it just setting up for disappointment? History doesn’t always repeat, but it often rhymes. 🎸💰
//www.youtube.com/watch?v=DByVWY_br7Q[/embed]
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2025-07-29 12:25