Injective Labs and 21Shares have made a major move by launching the first INJ-linked ETP on Euronext exchanges. The new Injective Staking Exchange-Traded Product (ETP) called AINJ will allow users to not only gain exposure to INJ tokens through traditional financial exchanges and brokerages but also capture staking rewards.
This collaboration is a significant milestone for Injective Labs as they continue to bridge the gap between traditional finance (TradFi) and decentralized markets. AINJ will be listed on Euronext Amsterdam and Euronext Paris and will be supported by 25 different banks and brokerages, including Interactive Brokers, Saxo Bank, Swissquote, and eToro.
The ETP will be physically backed by INJ tokens, which will be securely stored in cold storage by a custodian. With a total of $128.6 million in assets under management (AUM), AINJ will charge a 2.5% fee and is designed to track Injective’s performance while capturing staking yields for reinvestment.
Currently, AINJ offers an estimated 19.38% staking reward, although this may change based on network and market conditions. The launch of this ETP highlights the innovation behind it and the importance of INJ in the crypto market.
21Shares, known for its work with major crypto projects, is supporting the launch of AINJ. With over $3 billion in assets under management for their crypto offerings, 21Shares is well-equipped to ensure the success of AINJ in the market.
Injective’s entry into the realm of crypto ETPs signifies a shift towards more traditional financial products for investors looking to participate in the crypto market. As the market eagerly anticipates the trading of Ethereum ETFs, the launch of AINJ could pave the way for similar products linked to other digital assets like Solana (SOL).
While some experts believe that spot Ethereum ETFs will open the floodgates for funds tied to other digital assets, there are concerns about the approval process for these products due to the lack of an established futures market for these tokens. Nonetheless, the launch of AINJ marks a significant step forward in bringing together traditional finance and the world of decentralized markets.