Canary Capital Files for Groundbreaking Staked SEI ETF with the SEC

Canary Capital has submitted a registration with the U.S. Securities and Exchange Commission for the first-ever staked SEI ETF. The proposed ETF, structured as a Delaware statutory trust, would give investors direct exposure to the SEI token along with yield generation through staking. The fund would calculate its net asset value daily using spot pricing from CoinDesk Indices and rely on BitGo Trust Company and Coinbase Custody for the secure storage and staking of SEI tokens. This move is designed to simplify access for both institutional and retail investors, allowing them to benefit from staking rewards without dealing with the complexities of on-chain validation, such as managing private keys. The filing marks an important step in bridging decentralized finance with traditional asset management and could set a precedent for future ETF products that blend passive income generation with crypto asset appreciation. The SEC’s decision, expected to extend into Q3 2025, will be pivotal in determining the future trajectory of the product and the SEI ecosystem.