Injective Labs is a collaboration between 21Shares, has announced the launch of AINJ — the Injective Staking Exchange-Traded Product (ETP) linked to INJThis will also include stakes.
Users will be able to access INJ tokens through major traditional financial institutions. financial You can also earn stake rewards by trading and brokering.
ETP’s will be traded on Euronext Amsterdam and Euronext Paris. This will be supported 25 different brokerages and banks, including Interactive Brokers Saxo Bank Swissquote eToro and others.
Injective labs says:
“AINJ is not just a new financial product; it’s a strategic advancement that bridges the gap between traditional finance (TradFi) and decentralized markets. As a regulated financial offering, AINJ paves the way for broader institutional participation and adoption of $INJ”
Injective has achieved a milestone with the fund. financial Markets and Institutions
INJ’s price was $26.23 at the time of this press release, down by 2% in the past 24 hour, according to CryptoSlate.
AINJ
INJ, one of only a few crypto tokens in the world to be associated with an ETP highlights the importance and innovation of this product. ETPs like AINJ offer a simple way to invest in a diversified investment portfolio. They combine the simplicity of stocks with the advantages of mutual funds.
AINJ manages $128.6 Million in Assets Under Management (AUM) for which it will charge a 2,5% management fee. The product was designed to monitor Injective’s performances and to capture stake yields for reinvestment back into the ETP.
The current estimated stake reward is 19.38%, but this can change depending on the network and market conditions.
ETP is backed physically by INJ which will be stored in cold storage. Securities traded on Euronext’s markets are subject to the Euronext Rule Book. This harmonises all regulations applicable in each country.
The 21Shares brand is known for its reliability. working with major crypto projects It has played a key role in the fight for a position Bitcoin ETF along with Ark Invest. The firm has over $3 billion of assets in their cryptocurrency offerings and is therefore well-positioned for the success of AINJ.
Crypto ETPs
Investors can now purchase Injective through the traditional financial system. financial products. Injective, with a $2.4 billion market capitalization is well positioned to gain from an increase in institutional and retail involvement.
As the market gets ready for 2019, there is growing interest in ETPs that are linked to other digital assets than Bitcoin. Ethereum Trading of ETFs will begin. Some firms are already submitting their applications. ETPs connected to Solana (SOL).
Some industry analysts believe that spot Ethereum ETFs are now available. “floodgate” For funds tied to digital assets. Some believe the absence of a futures market could hinder their adoption. hinder the approval process For these products.
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“This article is not financial advice.”
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Source: cryptoslate.com