SEC Probes Weird World of Staked Crypto Canary ETF
Published Date: 11/24/2025
Notice
Summary
The SEC is deciding whether to approve the Cboe BZX Exchange’s plan to list and trade shares of the Canary Staked INJ ETF, a new commodity-based fund. This affects investors interested in this ETF and could open up fresh trading opportunities soon. The SEC will make its decision by November 26, 2025, which could impact how and when these shares become available to trade.
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
ETF will hold and may stake INJ
If you buy shares of this Trust, its assets will consist only of INJ, cash, and cash equivalents, and the Sponsor may stake some or all of the Trust's INJ through trusted staking providers so the Trust would receive all or a portion of any staking rewards. The Trust will value its Shares daily as of 4:00 p.m. ET using the CoinDesk INJ USD CCIX 60 min NY Rate.
SEC decision on ETF listing
If you invest in ETFs, the SEC will decide by November 26, 2025 whether to approve or disapprove listing and trading of the Canary Staked INJ ETF on the Cboe BZX Exchange. If approved, those shares could become available to trade on the Exchange; if disapproved, they would not be listed.
Public comment and rebuttal deadlines
You may submit written comments on the proposal by December 15, 2025, and any rebuttal comments by December 29, 2025; submissions will be posted on the SEC website. The Commission invites views on whether the proposal meets Section 6(b)(5) of the Exchange Act and will consider requests for oral presentations.
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