Injective (INJ)

Goodnews: Canary Updates Its Staked $INJ ETF Filing

Here are the 5 biggest updates, explained simply:

⤷ It will trade under the ticker $INJS on Cboe BZX:

For those that don't know, Cboe BZX is a U.S. stock exchange where ETFs are listed and traded, similar to the NYSE or Nasdaq.

When Injective ETF gets approved, investors will be able to buy and sell the ETF on a stock exchange using the ticker INJS, just like buying any other ETF.

⤷ The fund will stake almost all of its $INJ:

So Instead of just holding the tokens, the ETF will stake most of them to earn rewards

Those rewards will be automatically added back into the fund, and the fund will publish its staking percentage onchain every trading day.

⤷ Staking fees are capped at 10% of the rewards:

The company managing the staking can only take up to 10% of the staking rewards as a fee

The rest stays in the fund for investors.

⤷ BitGo Trust will custody the Injective:

BitGo Trust is responsible for securely storing the ETF's Injective, helping keep the assets safe.

⤷ The ETF's value (NAV) will use CoinDesk's Injective benchmark:

The ETF will calculate its daily value using CoinDesk's official Injective price at 4:00 PM ET, giving investors a consistent reference price.

When the ETF gets approved, it will let investors gain exposure to $INJ through a regular brokerage account

While also benefiting from staking rewards, without having to buy, store, or stake the tokens themselves.

As we wrap up the last day of June 2026, it’s a great moment to look back at Injective’s performance this month.

Key Highlights from June:
➛ Active Addresses (Monthly): 133.3K
➛ Daily Active Users: Consistently between 87K – 103K
➛ Trading Volume: $3.4 Billion
➛ Fees Generated: $61.1K

The network maintained healthy activity with an 18.6% token turnover and processed a massive 35.7 Million transactions throughout the month.

Average Transactions Per Second (TPS) reached 6.2, while block times remained fast and stable at 669 ms.

Development Momentum:
➛ 1,100+ Code Commits
➛ 51 New Contracts Deployed
➛ 26 Active Contract Deployers
➛ 18 Core Developers active this month

June showed @injective as a blockchain that isn’t just surviving, it’s quietly building real infrastructure and maintaining solid fundamentals in a competitive market.

Looking forward to seeing how the team builds on this momentum in the coming months.