21Shares Filed Amended Proposal for Injective ETF
The proposed fund would offer regulated market access to INJ tokens and feature a discretionary staking strategy for potential returns.
Updated on Sept. 18, 2026 in Investing
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21Shares US LLC has submitted an amended S-1/A filing to the SEC for a new exchange-traded fund designed to track the FTSE Injective Index. If approved by regulators, the fund would list on the Nasdaq under the ticker TINJ.
Why it matters
This filing represents a push to provide investors with regulated exposure to INJ tokens while utilizing discretionary staking to potentially optimize fund performance. The SEC review process for the registration statement is ongoing.
The proposed fund seeks to capitalize on staking returns that ranged from 9.3% to 13.62% annually during 2025. This compares to the total circulating supply of approximately 92.8 million INJ tokens reported as of September 1, 2026.
The players
21Shares US LLC
An asset manager that sponsors exchange-traded products seeking to provide investors with regulated access to digital asset markets.
SEC
The federal agency responsible for overseeing market registration statements and protecting investors by enforcing securities laws.
Nasdaq
A global stock exchange where the proposed fund seeks to list its shares for public trading.
The details
The fund, structured as a Delaware statutory trust, tracks the FTSE Injective Index to mirror token performance. By incorporating discretionary staking, the sponsor intends to capture rewards similar to those seen in 2025 to boost overall returns. Investors should note that the fund is currently awaiting regulatory clearance through the SEC registration process.
Timeline
January 2024: Spot Bitcoin ETFs launched in US markets.
2025: Annual staking rewards for INJ ranged from 9.3% to 13.62%.
October 20, 2025: The original S-1 registration statement was filed.
September 1, 2026: The circulating supply of INJ and market cap were recorded.
September 18, 2026: An amended S-1/A filing was received by the SEC.
Money Landscape
This filing reflects the continued effort to integrate digital assets into the traditional ETF wrapper following the high-profile launch of spot Bitcoin ETFs in early 2024. The strategy marks a shift toward including yield-generating mechanisms like staking within regulated investment products.
While the filing outlines a strategy for potential returns, investors should monitor the ongoing SEC review process for updates on the product's viability. Before considering any new ETF exposure, consult a financial professional to discuss how crypto-linked assets fit into your overall portfolio and risk tolerance.
The takeaway
This filing signals a broadening of the digital asset ETF landscape beyond established cryptocurrencies. Investors interested in these developments should monitor SEC filings for updates on the fund's regulatory status and potential approval timelines.
Further reading
For more on how new asset classes are entering the market, visit our Investing section.
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Would you consider investing in an ETF that holds digital assets like crypto tokens?
