SEI ETF Listed on DTCC, Awaits SEC Approval Amid Regulatory Shifts

The Canary Staked SEI exchange-traded fund (ETF) has been officially listed on the Depository Trust & Clearing Corporation (DTCC) platform, marking a significant procedural step toward operationalization. However, this listing does not indicate approval from the U.S. Securities and Exchange Commission (SEC), which remains pending. According to DTCC records, the ETF is categorized as "active and pre-launch", meaning it is technically ready for electronic trading and clearing but cannot yet be created or redeemed.

The regulatory landscape has shifted with the U.S. Treasury and Internal Revenue Service issuing Revenue Procedure 2025-31, which establishes a clear safe-harbor framework for crypto ETFs and trusts. This procedure mandates strict conditions for custody, staking, and asset management, including holding only one type of digital asset and using qualified custodians, potentially paving the way for SEC approval of staking-inclusive ETFs.

Other firms, including Rex-Osprey and 21Shares, have also filed for similar SEI ETFs, reflecting broader institutional interest in the Sei Network. Meanwhile, on-chain data shows Sei Network ranking second in net flows over the past 24 hours, but total value locked (TVL) has dropped significantly in November, with approximately 1 billion SEI tokens unstaked, indicating liquidity challenges. Analysts view the DTCC listing as a positive signal, with some predicting a potential 100–150% rally for SEI if market sentiment improves.