INJ Spot ETF New Developments: Staking Yield Mechanism Draws Attention, BitGo Custody Solution Revealed

【Crypto World】An encouraging development worth noting— a team has resubmitted the ETF application for spot INJ, and this revised version includes more details. What is the core mechanism? The ETF will directly track the price of spot INJ, while delegating all tokens to staking providers for operation, aiming to earn additional yields from staking.

From a security perspective, BitGo has been designated as the fund custodian, and U.S. Bancorp Fund Services will serve as the fund manager. Both choices are well recognized within the industry. The product design adopts a 10,000 shares subscription/redemption block model, which is common in institutional-level ETFs. The entire ETF plan is to be listed and traded on the Cboe BZX Exchange.

This reflects the increasing recognition of INJ and staking products among institutional investors. If finally approved, it could have a significant positive impact on the entire Injective ecosystem.

INJ2.51%
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