21Shares Submits Revised S-1 for INJ Spot ETF

21Shares submitted a revised S-1 filing to the U.S. Securities and Exchange Commission (SEC) on August 18 for an INJ spot ETF. The product aims to track the spot price of INJ, the native asset of the Injective blockchain. SEC documents state that the 21Shares Injective ETF will hold INJ as its underlying asset to mirror its spot price. However, no timeline for SEC approval or trading launch has been provided following the revised S-1 submission.

Layer-1 blockchain project Linera announced that a community round for its LNRA token on Sonar raised approximately 848,000 USDC, falling short of the minimum target of 1.5 million USDC. Linera halted operations and refunded all 617 participants in full via a Discord announcement.