Injective's First US ETF Begins Trading on Nasdaq as INJ Holds Gains in a Falling Market
Published November 6, 2026, 10:00 PM PKT. Based on Canary Capital's November 6, 2026 announcement carried by GlobeNewswire (primary source), with the launch confirmed by Injective on November 5, 2026 and market reaction reported by KuCoin and CryptoWisser on November 6, 2026 (secondary reporting). MABOnChain covered Nasdaq's listing approval for this fund on November 5, 2026, and noted then that approval was not a trading launch.
The first US exchange-traded fund for Injective ($INJ) began trading on Nasdaq on Thursday, November 5, 2026, Canary Capital said on Friday, November 6. The Canary Staked INJ ETF trades under the ticker INJC and gives investors spot exposure to Injective ($INJ), the native token of the Injective blockchain, with staking rewards built into the fund. Injective said on its official X account on November 5 that INJC was live on Nasdaq with staking built in, and TradingView reported on November 6 that Canary launched the fund on November 5. The launch makes Injective ($INJ) one of a small group of crypto assets, alongside Bitcoin ($BTC), Ethereum ($ETH) and Solana ($SOL), with a dedicated US exchange-traded fund, according to KuCoin.
INJC starts trading a day after Nasdaq approved the listing
The trading launch follows Nasdaq's listing approval by about a day. Nasdaq approved the listing of the Canary Staked INJ ETF under the ticker INJC on November 4, 2026, MABOnChain reported, but trading could only begin once the fund's S-1 registration was effective, and approval alone did not set a trading date. The November 6 announcement from Canary Capital, carried by GlobeNewswire, confirms the fund is now listed and trading on Nasdaq. Injective's own announcement on November 5 framed the moment as the start of a new era for the network, and CryptoWisser reported that the launch coincided with a rise of more than 5% in Injective ($INJ) on Thursday.
At least 90% of the fund's holdings will be staked
The fund is built around staking, not just price exposure. INJC directly holds spot Injective ($INJ), and Canary plans to stake at least 90% of its holdings under normal conditions, with the net staking rewards reflected in the fund's net asset value, according to the fund's launch materials and secondary reporting. BitGo holds the fund's Injective ($INJ) as custodian, and the fund charges a 1.10% annual sponsor fee, The Wolf Den reported. Investors can buy and sell INJC through brokerage accounts that support trading in the ticker, without buying Injective ($INJ) directly or opening and managing a separate crypto wallet, TradingView reported.
INJ holds its gains while the wider market falls
Injective ($INJ) traded near $8.31 at publication, up 3.8% in 24 hours and 16.8% over seven days, according to CoinGecko, with a market value of about $831 million, ranked 82nd, and about $129 million in 24-hour trading volume. The token traded in a 24-hour range of $7.89 to $8.48, and Binance data showed INJUSDT near $8.34 in late trading on November 6, with the most recent hourly candle fresh. KuCoin's daily market report said Injective ($INJ) rose more than 10% intraday on Thursday before holding a gain of about 2% to 3% in the morning snapshot, even as the wider market sold off. Bitcoin ($BTC) fell below $77,000 on November 5 as the Nasdaq dropped and more than $835 million in positions were liquidated across the market, MABOnChain reported, so Injective ($INJ) kept most of its launch-day move while the rest of the market gave ground.
The network behind the fund
Canary's launch materials point to Injective's scale as a blockchain built for finance. As of October 22, 2026, Injective had processed more than 3.13 billion cumulative transactions and had permanently burned more than 7.27 million Injective ($INJ), worth about $58 million, across its monthly token buybacks, according to the announcement. The network's token supply is fixed at 100 million Injective ($INJ) in circulation, according to CoinGecko, and the token remains about 84% below its all-time high of $52.62, set on March 14, 2024. The fund is new and has a limited operating history, its prospectus says, and it is not registered under the Investment Company Act of 1940, so it is not subject to the same regulations and protections as funds registered under that law. Staking rewards add to the fund's assets, but investors remain exposed to changes in the price of Injective ($INJ), and the rewards themselves are not guaranteed.
Sources
- Canary Capital Group LLC, Canary Capital Launches the First U.S. Spot Staked INJ ETF (Ticker: INJC), November 6, 2026, via GlobeNewswire (primary source: fund launch, Nasdaq listing, ticker INJC, spot exposure with staking, 3.13 billion transactions, 7.27 million INJ burned, not registered under the 1940 Act, limited operating history)
- TradingView News, Injective-Linked Staked INJ ETF INJC Lists on Nasdaq, Combining Spot Exposure With Staking, November 6, 2026 (secondary reporting: fund launched November 5, directly holds spot INJ, brokerage access without a crypto wallet)
- KuCoin, Injective's First U.S. ETF Listed on Nasdaq, Allows Up to 90% Staking, November 6, 2026 (secondary reporting: up to 90% of holdings staked, BitGo custody, INJ joins BTC, ETH and SOL with dedicated US ETFs)
- CryptoWisser, Canary Capital Launches First Staked Injective ETF on Nasdaq, November 6, 2026 (secondary reporting: net staking rewards reflected in net asset value, more than 5% rise in INJ on Thursday, Injective's November 5 announcement)
- KuCoin, Crypto Daily Market Report, November 6, 2026, November 6, 2026 (secondary reporting: INJ rose more than 10% intraday on Thursday, held a 2% to 3% gain in the morning snapshot)
- The Wolf Den, Gold Passed the Crash Test That Bitcoin Failed, November 6, 2026 (secondary reporting: fund began trading November 5, at least 90% staked, 1.10% annual sponsor fee, BitGo custody)
- CoinGecko, Injective market data, November 6, 2026 (price source: $8.31, up 3.8% in 24 hours, up 16.8% over seven days, about $831 million market value, rank 82, about $129 million in 24-hour volume, 24-hour range $7.89 to $8.48, all-time high $52.62 on March 14, 2024, 100 million in circulation)
- Binance, INJUSDT hourly klines, November 6, 2026 (price confirmation: last hourly candle 16:00 UTC, close $8.337, fresh within the hour)
This article is news reporting and is not investment advice.
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