Canary’s Proposed Injective ETF May Reserve Tokens for Redemptions
Photo: TokenPost
Canary Capital’s Sept. 24 preliminary filing leaves staking-fee percentages blank for its proposed Injective (INJ) ETF. The fund’s daily net asset value (NAV) would reflect staking rewards at 4 p.m. ET (20:00 UTC on Sept. 24), or as soon as practicable afterward. The sponsor expects to stake at least 90% of the fund’s INJ under normal conditions and may reserve tokens for redemptions and expenses. The filing sets no fixed reserve percentage. The plan builds on Canary’s earlier proposed staking-reward structure . A reserve could help manage the 21-day unbonding period for undelegated INJ.
Source: TokenPost
