Washington, July 31, 2025- The Cboe BZX Exchange has filed for an exchange-traded fund (ETF) that would track Injective’s native token (INJ), marking a key step for Canary Capital Group’s proposed Canary Staked INJ ETF. The filing was submitted to the U.S. Securities and Exchange Commission (SEC) on Monday.
This move comes amid growing interest in crypto ETFs, with the SEC currently reviewing dozens of proposals for digital asset funds covering tokens like Dogecoin, Solana, and XRP. Also on Monday, Cboe filed for the Invesco Galaxy Solana ETF as firms seek SEC approval for spot Solana funds.
The SEC’s regulatory environment has softened since President Donald Trump took office in January, following earlier approvals of spot Bitcoin and Ethereum ETFs during the Biden administration. Staking components have recently emerged in ETF proposals after the SEC’s Division of Corporation Finance indicated that some blockchain staking activities might not constitute securities offerings.
Rex-Osprey earlier this month launched the first U.S. staked crypto ETF, although its regulatory framework differs from others currently under review.
The filings by Cboe BZX for Canary’s Staked INJ ETF and Invesco’s Solana ETF highlight the intensifying competition as crypto asset managers rush to capitalize on clearer SEC guidelines and growing institutional demand.
