Canary Capital Seeks SEC Approval for First Sei ETF With Staking
Summary
Canary Capital has applied for an exchange-traded fund (ETF) based on SEI, the token of the Sei layer-1 blockchain, with the U.S. Securities and Exchange Commission. The Canary Staked Sei ETF includes staking, allowing investors to earn additional yield. The primary objective is to provide exposure to SEI's price, with a secondary goal of earning extra SEI through transaction validation in the SEI Network's proof-of-stake process. SEI ranks as the 85th largest cryptocurrency by market cap. The SEC has previously approved Bitcoin and Ethereum ETFs, with Bitcoin ETFs having a highly successful launch. Fund managers aim to launch ETFs for other digital coins like Solana and Dogecoin.
