Overview
- The amended S-1 details a fund designed to track spot INJ while generating staking rewards by delegating the trust’s tokens.
- BitGo is named digital asset custodian, U.S. Bancorp Fund Services will act as administrator, transfer agent, and cash custodian, and Paralel Distributors is listed as marketing agent.
- The trust plans to list on Cboe BZX, create and redeem in 10,000-share blocks, and calculate NAV using the CoinDesk Injective USD CCIXber 60m New York Rate.
- The filing says all INJ held by the trust may be staked through one or more providers, though staking partners are not identified and the management fee and ticker are not yet disclosed.
- Market context shows INJ down roughly 30% over the past month with total futures open interest declining as shorter-term open interest rose on several exchanges, according to reported data.