Injective launches Trench Treasury as Canary files SEC ETF – Details

In a major boost for Injective, Canary Capital filed with the SEC for a staked INJ ETF. The fund seeks to offer exposure to Injective, less the expenses of the trust’s operations and other liabilities.

Also, the trust aims to earn additional INJ through its active participation in the staking program. The ETF is expected to launch before 2027, according to Injective’s CEO, Erick Chen.

If approved by the SEC, the ETF positions INJ to greater institutional exposure, especially now that spot ETFs have gained momentum.

Injective Foundation launches Trench Treasury

In addition to the upcoming ETF, Injective is seeking to expand its market influence to small builders. The Injective Foundation launched the Trench Treasury to fund projects and communities that help the ecosystem grow.

The initiative will help projects with organic growth, fair launches, real liquidity, and rewards for loyal ninjas in the ecosystem. What makes the step unique is that it will help smaller teams build with Injective, not just established projects.

The Trench Treasury has two goals. First, to back builders who are genuinely building with INJ. Secondly, to create ways to reward individuals who have contributed to ecosystem growth.