{"id":6192,"date":"2025-07-29T19:26:00","date_gmt":"2025-07-29T19:26:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/injective-price-pares-gains-after-etf-driven-spike\/"},"modified":"2025-07-29T19:26:08","modified_gmt":"2025-07-29T19:26:08","slug":"injective-price-pares-gains-after-etf-driven-spike","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/injective-price-pares-gains-after-etf-driven-spike\/","title":{"rendered":"Injective price pares gains after ETF-driven spike"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Injective price was down nearly 5% in 24 hours as the cryptocurrency experienced slight sell-off pressure following a sharp surge amid exchange-traded funds news.<\/p>\n<div id=\"cn-block-summary-block_83a4ee62f8fb1c5eac0b677b033b34b1\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Injective price retreated slightly on July 29, falling about 5% as INJ touched lows of $13.88.<\/li>\n<li>The altcoin has surged on Monday amid news that Cboe had filed for the listing of the Canary Capital Staked Injective ETF.<\/li>\n<li>Institutional interest in INJ remains as the market eyes regulatory approvals for staked crypto ETFs, including for Ethereum and Solana.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The price of Injective (INJ) soared from lows of $14.48 to above $16.35. <\/p>\n<p>However, after giving up some of the upside amid broader market struggles, INJ has extended the retreat.\u00a0The coin touched lows of $13.88.<\/p>\n<p>Market data on crypto.news showed Injective price hovered around $14.31, below the intraday low on July 28 and at risk of further losses as top cryptocurrencies face downside pressure.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Why did Injective surge?<\/h2>\n<p>Injective\u2019s gains came as traders reacted to news that Cboe, the largest options exchange in the United States, had <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/injective\/status\/1950236609334620249\" target=\"_blank\">file<\/a><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/injective\/status\/1950236609334620249\" target=\"_blank\">d<\/a> with the U.S. Securities and Exchange Commission for approval to list the Canary Capital\u2019s Staked Injective exchange-traded fund.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The CBOE has filed to list the Canary <a href=\"https:\/\/twitter.com\/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$INJ<\/a> Staked ETF in the U.S.<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/CBOE?ref_src=twsrc%5Etfw\">@CBOE<\/a> is the largest options exchange in the United States of America.<\/p>\n<p>Injective&#39;s institutional adoption is accelerating like never before. <a href=\"https:\/\/t.co\/kWaDE1S1B0\">pic.twitter.com\/kWaDE1S1B0<\/a><\/p>\n<p>&mdash; Injective \ud83e\udd77 (@injective) <a href=\"https:\/\/twitter.com\/injective\/status\/1950236609334620249?ref_src=twsrc%5Etfw\">July 29, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The filing meant Canary\u2019s staked Injective ETF joined other major staked crypto ETF flings \u2013 Ethereum (ETH) and Solana (SOL). It also points to the growing interest in Injective by institutional investors, which follows Canary\u2019s registration of Delaware trust for the INJ ETF.<\/p>\n<p>As the market reacted to the filing news, INJ price rose. However, like in many instances across the ecosystem, buy the rumor and sell-the-news scenario appears to have allowed for profit-taking.<\/p>\n<p>INJ is not down by much, but price is hovering near a key level and fresh declines will push it support around $13.20. <\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14401060\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Injective price 4-hour chart on TradingView<\/figcaption><\/figure>\n<p>Despite the declines, analysts have pointed to Injective protocol\u2019s price as signaling a bullish pennant on\u00a0 higher time frames.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Injective longs liquidated<\/h2>\n<p>Data from Coinglass shows a total of over $982,000 in Injective positions have been liquidated in the past 24 hours.\u00a0<\/p>\n<p>Of this, the vast majority are bullish bets at more than $895k. This liquidation hit for longs, with only $87k in shorts wiped out, also sees a decrease in open interest. <\/p>\n<p>Coinglass data also indicates a decline of 10.4% in Injective OI, currently at around $167 million. Meanwhile, derivatives volume has fallen 16% to $413 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Injective price was down nearly 5% in 24 hours as the cryptocurrency experienced slight sell-off pressure following a sharp surge amid exchange-traded funds news. Summary Injective price retreated slightly on&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6192"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6192\/revisions"}],"predecessor-version":[{"id":6194,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6192\/revisions\/6194"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6193"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}