Key Points:
- 21Shares launched AINJ, allowing users INJ exposure and staking rewards on major exchanges.
- With $3B+ managed and key crypto partnerships, 21Shares backs AINJ’s credibility.
21Shares AINJ ETP offers exposure in INJ on major finance venues, enabling staking for rewards. It’s backed by INJ in cold storage, making it efficient and accessible.
21Shares just launched the AINJ, the Injective Staking Exchange-Traded Product, which will allow users to gain exposure in INJ on some of the largest traditional finance exchange venues and brokerages while staking their INJ to earn staking rewards.
The Launch of 21Shares AINJ ETP
With several years of experience in the industry, 21Shares has partnered with leading crypto projects and has been a mainstay in the very close efforts to launch the first Bitcoin ETF with Cathie Wood’s Ark Invest. This offering has over $3 billion in assets under management, proving that 21Shares possesses a reputation for quality and reliability.
Launching AINJ is a pivotal moment for institutional adoption. Its regulations are enforceable, its offerings are transparent, and it paves new opportunities for high-ranking players in Injective.
The regulated and transparent product makes institutional participation fairly easy and enjoys growing support from a couple of the leading traditional finance exchanges and brokerages: Interactive Brokers, Saxo Bank, Swissquote, and eToro.
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Importance and Innovation of AINJ ETP
With a limited number of crypto assets associated with ETPs globally, the introduction of AINJ underscores its importance and innovation. It joins an exclusive list of offerings providing institutional and individual participants with access to the digital asset landscape.
According to the announcement, the AINJ ETP is 100% backed by the underlying INJ and held in cold storage through an institutional-grade custodian. This structure allows for direct exposure to the asset, thereby reducing operational costs.
Additionally, AINJ trading at stock exchanges is convenient and efficient, making it accessible to many investors.
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