Odaily Planet Daily News Cboe BZX Exchange submitted two crypto ETF applications to the SEC on Monday, namely the pledged INJ fund initiated by Canary and the Solana spot ETF in cooperation with Invesco and Galaxy. Both applications are the first step in the SEC's approval process. The Canary Fund tracks the native asset INJ of Injective and introduces a pledge mechanism. At present, the SEC's review atmosphere has become more relaxed under the leadership of the Trump administration, and it is simultaneously evaluating a number of fund proposals including DOGE, SOL, XRP, etc. Previously, the SEC's Corporate Finance Department had hinted that some pledge activities did not constitute securities issuance, sending a positive signal for pledged ETFs.