Canary Capital establishes trust fund "Canary Staked INJ ETF" in Delaware

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