Injective has attracted fresh institutional attention since Canary Capital launched its Staked INJ ETF under the ticker INJC on Nasdaq. Injective confirmed that the fund is now accessible through Bloomberg Terminals, an investment tool frequently used by banks and hedge funds across traditional finance. The development arrives as the INJ price attempts to rebound from a significant drop, and traders are closely watching the $9 resistance level for signs of a breakout.

Canary Capital Launches Staked INJ ETF on Nasdaq

According to Injective, the Canary Staked INJ ETF is now available across Bloomberg Terminals, increasing its visibility among institutional investors. The fund began trading on Nasdaq under the ticker INJC on November 5, 2026.

The ETF allows investors to gain exposure to INJ, the native asset of the Injective blockchain, through an ordinary investment vehicle. It also incorporates staking by participating in the network's proof-of-stake validation, and it seeks to track net gains from staking through its net asset value. Staking is the mechanism by which proof-of-stake networks rely on token holders to help validate transactions and secure the chain, with participants positioned to earn rewards for that contribution.

Source: Injective's X post

The listing also represents another step toward bridging Injective's blockchain network with mainstream financial systems. The protocol's ecosystem spans trading, derivatives, and tokenized financial products, which makes institutional accessibility a particularly significant development for the platform.

INJ ETF Listing Brings Fresh Institutional Exposure

The INJC ticker gives investors the opportunity to access INJ without necessarily buying the cryptocurrency directly. Because the exposure is packaged as a conventional listed fund, it removes the operational step of managing digital wallets and private keys that direct token ownership would otherwise require. Its inclusion on Bloomberg Terminals further enhances the product's visibility within professional trading environments, placing it in front of banks, hedge funds, and other institutions that rely on the terminal.

However, the listing does not by itself mean institutional purchases or capital inflows will follow. Actual demand will be determined through the ETF's trading activity and the assets it manages, and the rewards generated from staking remain uncertain.

INJ Price Tests $9 Resistance After Recent Recovery

Attention is shifting to INJ's technical picture as buyers work to lift the token out of an extended period of correction. Analyst Crypto With Gopal identified the $2.70–$3.00 range as an important support area, one that buyers successfully defended during the recent decline.

Source: Crypto With Gopal's X post

For now, the immediate emphasis rests on the $9 resistance level. Support and resistance zones are reference areas in technical analysis where buying interest or selling pressure has previously slowed price movement, and they are widely used to gauge the strength of an emerging trend. Daily closes above this level could enhance the bullish configuration and suggest that buying pressure is building. Alternatively, a rejection around $9 could hinder the rebound process and weaken the bullish formation.

Analyst Flags Potential INJ Double Bottom

Crypto With Gopal noticed a possible double bottom pattern forming on the daily chart of the INJ price after its extended correction phase. A double bottom is a chart formation that technical analysts interpret as a potential reversal signal when an asset prints two lows at similar levels separated by a recovery peak, with confirmation generally requiring a close above that intervening peak. According to the analyst, the buyers supporting the $2.70–$3.00 range could serve as the foundation for a broader recovery trend.

In his view, a break above $9 would set up the potential for a move toward $12–$16. However, that scenario remains dependent on continued buying action and a decisive break above nearby resistance levels. In the meantime, the double bottom is still a developing pattern rather than a confirmed one.

What Comes Next for INJ?

One of the major catalysts to watch for Injective will be investor demand for its newly introduced INJC ETF. Sustained interest in the fund would offer a clearer indication of how the market is receiving the product.

On the technical side, the ability of the INJ price to clear $9 will be central to its prospects. A breakthrough could boost the recovery case and put the $12–$16 price targets back in view, while a rejection could keep INJ confined to its recovery range.

Canary's staked INJ ETF listing is providing increased institutional access to the Injective ecosystem, and there are early technical indications that the token could be positioning for a reversal. Even so, $9 remains a critical resistance level for the cryptocurrency, and ETF demand will be key to any move toward the estimated $12–$16 price level.

This article contains market analysis and price projections. These are not guarantees. Crypto markets are volatile. Always do your own research. This is not financial advice.