Cboe equities exchange takes the next step and files for Canary's staked INJ fund

Cboe BZX Exchange has filed for an exchange-traded fund that would track the native asset of the Injective blockchain with the U.S. Securities and Exchange Commission. 

The equities exchange made that filing on behalf of Canary Capital Group LLC, which is the sponsor of the trust. Canary first proposed the Canary Staked INJ ETF this month. 

Also on Monday, Cboe BZX filed a form for the Invesco Galaxy Solana ETF as more and more firms look to the SEC to approve a spot SOL fund. 

Both forms filed on Monday are a part of the two-step process used to propose crypto ETFs to the SEC. The agency is currently weighing dozens of proposals for a variety of digital asset funds ranging from ones tracking DOGE to SOL to XRP in light of a friendlier regulatory environment since President Donald Trump took office in January. During the Biden administration, the SEC greenlit spot bitcoin ETFs and later Ethereum ETFs, following a pivotal court ruling. 

Among the proposed ETFs, some firms have looked to add a staking component. The SEC's Division of Corporation Finance said in May that certain blockchain staking activities don't involve the offering of securities, which some took to mean that staking could be allowed in crypto ETFs. 

Earlier this month, Rex-Osprey launched the "first-ever staked crypto ETF in the U.S.," but that has a different regulatory structure than others.