Canary Capital Staked INJ ETF reaches Bloomberg Terminals

The Canary Staked INJ ETF, trading on Nasdaq under the ticker INJC, is now available on Bloomberg Terminals. This availability increases the visibility of the fund among institutional investors, including banks and hedge funds.

The ETF provides exposure to INJ, the native currency of the Injective blockchain, through an investment vehicle that utilizes staking via proof-of-stake validation. The fund aims to track net gains from staking in the form of net asset value.

Following the ETF launch, Injective (INJ) has seen significant market activity. The token recently closed at $8.23, marking an 88.79% increase over a 90-day period. While the price is currently 47.77% above its 200-period moving average, analysts suggest the asset may be consolidating at a higher level rather than facing exhaustion.