Injective's INJ Jumps 27% as 21Shares Staked ETF Filings Draw Traders
- —INJ rose 23%–28% in 24 hours, trading above $9.10
- —The token is up roughly 67%–70% over the past 30 days
- —21Shares filed for a Nasdaq-listed INJ ETF under ticker TINJ
- —Canary Capital and REX-Osprey propose staking up to 90% of holdings
Why it matters: Approval of a staked INJ ETF could open the token to institutional investors and, combined with IIP-617 supply contraction, tighten available supply further.
Source: Crypto Briefing