Injective CEO expects US INJ ETF before 2027
Injective (INJ)
Editor:
Eugene Serbin
tradersunion.com reports that Injective is advancing its institutional infrastructure to broaden market access as U.S. applications for an INJ ETF move through regulatory channels. Chief Executive Eric Chen stated at Korea Blockchain Week 2026 that he expects the U.S. ETF launch to occur before 2027, a timeline he considers sooner than previously anticipated. This outlook is supported by Injective Institutional Services becoming an SEC-registered transfer agent in August, a status that allows the entity to maintain ownership records for securities.
Chen also highlighted the Meridian upgrade, released on September 24 following a governance vote, which aims to help clients transition from pilot projects to live on-chain tokenization with compliance controls. In Europe, the company has finalized and submitted a Markets in Crypto-Assets white paper for the INJ token, which is listed in the European Securities and Markets Authority's interim register. While securing a regional license is progressing slowly, Injective is collaborating with firms that already hold licenses to prepare collaborations with large financial institutions.
Chen identified private markets as a key opportunity for tokenized real-world assets, noting that blockchain structures can compress processes that traditionally take months in conventional finance. This reduction in intermediation helps transform assets into liquid investment instruments more efficiently.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 5 October 2026. Not the outlet's figures.
Injective is trading at $7.64 with a 24-hour spot volume of $6,665,001 across 81,817 trades. The 24-hour buy ratio stands at 45.0%, indicating that buying pressure has faded compared to the 4-hour period where it reached 54.3%. Over the last hour, the buy ratio dropped further to 31.1%, showing a distinct shift toward selling in the immediate term. Volume Delta reflects this trend, with a net outflow of $127,780 in the last hour and a larger $658,121 outflow over 24 hours. The Cumulative Volume Delta for the 24-hour close is -$406,787, confirming that sellers have dominated the flow. Net buying occurred for only 10 of the 24 hours, suggesting inconsistent support throughout the day.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
The current 24-hour buy ratio of 45.0% is slightly below the 7-day average of 49.8%, a difference of 4.8 percentage points. Trading volume for the day was 0.57x the weekly average, indicating a quieter session than usual. The coin experienced net buying on 5 of the past 7 days, with an 8-day volume delta total of -$1,068,742. Price has declined by 1.9% over the last 8 days. This represents an ordinary day for the coin, as the trading activity and price movement remain within the bounds of recent weekly trends.