tl;dr
21Shares has launched the Injective Staking Exchange-Traded Product (ETP) - AINJ, allowing investors to access the crypto market through traditional financial channels and gain exposure to Injective staking rewards. AINJ is available on traditional exchanges such as Euronext Amsterdam and Euronext P...
21Shares has introduced the Injective Staking Exchange-Traded Product (ETP) – AINJ. This product aims to enable investors to engage in the crypto market via traditional financial avenues. Investors will also get exposure to Injective staking rewards. AINJ allows investors to buy into the Injective token (INJ) through traditional exchanges and brokerage, simplifying the typical complexities associated with crypto investments. AINJ is trading on Euronext Amsterdam (AINJ NA) and Euronext Paris (AINJ FP) exchanges.
AINJ is a physically backed ETP, meaning it holds actual INJ tokens in cold storage. This setup offers investors direct exposure to INJ’s performance without direct ownership or the security risks tied to it. Additionally, the ETP captures staking yields from the INJ staking process, which secures the Injective network and reinvests them, potentially boosting investor returns.
The ETP sector is growing, with more investors seeking exposure to diversified assets through instruments that combine the liquidity and ease of trading of stocks with the advantages of mutual funds. AINJ fits neatly into this category, providing a regulated way to invest in digital assets. It stands alongside a selective group of crypto assets that have associated ETPs.
Despite its potential to draw significant institutional interest, the market reaction has been muted. INJ’s price rose just 2.7% in the last 24 hours, now trading at $26.51. 21Shares has also filed for a Solana ETF with the US Securities and Exchange Commission (SEC). Hence, some speculate that the more institution-friendly products like ETPs will lead to an Injective ETF. However, it is worth noting that 21Shares has introduced ETPs for over 40 altcoins. Hence, an ETF might not be the immediate next step.
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