{"id":51654,"date":"2025-05-01T12:28:02","date_gmt":"2025-05-01T12:28:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/canary-capital-seeks-sec-approval-for-staked-sei-etf\/"},"modified":"2025-05-01T12:28:02","modified_gmt":"2025-05-01T12:28:02","slug":"canary-capital-seeks-sec-approval-for-staked-sei-etf","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/canary-capital-seeks-sec-approval-for-staked-sei-etf\/","title":{"rendered":"Canary Capital seeks SEC approval for staked SEI ETF"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-38-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-38-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-38-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/image-38-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>A portion of the trust\u2019s holdings will be staked via third-party infrastructure providers.<\/li>\n<p>&#13;<\/p>\n<li>According to the <a href=\"https:\/\/blog.sei.io\/sei-ecosystem-continues-momentum-with-landmark-etf-filing-in-the-u-s\/\">filing<\/a>, the ETF would offer direct price exposure to SEI, the native token of the Sei network.<\/li>\n<p>&#13;<\/p>\n<li>The Sei filing joins a growing queue of over 70 pending crypto ETF applications currently under SEC review.<\/li>\n<p>&#13;\n<\/ul>\n<p>Canary Capital has filed an S-1 registration with the Securities and Exchange Commission (SEC) seeking approval for what would be the first spot Sei (SEI) ETF \u2014 one that also incorporates a staking component.<\/p>\n<p>According to the <a href=\"https:\/\/blog.sei.io\/sei-ecosystem-continues-momentum-with-landmark-etf-filing-in-the-u-s\/\">filing<\/a>, the ETF would offer direct price exposure to SEI, the native token of the Sei network, with custody handled by BitGo and Coinbase.<\/p>\n<p>A portion of the trust\u2019s holdings will be staked via third-party infrastructure providers, potentially generating additional yield for investors.<\/p>\n<p>The fund structure mirrors that of the approved Bitcoin and Ethereum spot ETFs, with cash-based share creations and redemptions, rather than in-kind transactions.<\/p>\n<p>Commenting on the development, Justin Barlow, Executive Director at the Sei Development Foundation, said:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>ETFs continue to serve as a gateway for broader adoption, providing a vital bridge between crypto and mainstream markets.\u201d <\/p><\/blockquote>\n<p>Sei Network is a Layer 1 blockchain developed using the Cosmos SDK.<\/p>\n<p>Sei launched its mainnet in 2023, and has since processed billions of transactions across more than 18 million wallets.<\/p>\n<p>Canary\u2019s Sei ETF filing is part of a broader campaign by the asset manager, which has submitted proposals for multiple crypto-linked ETFs in recent weeks, including spot funds for Pengu, Sui, Hedera, Litecoin, and most recently Tron, which also included a staking feature.<\/p>\n<p>The move comes on the heels of the Sei Foundation\u2019s launch of the Sei Development Foundation, aimed at promoting the protocol\u2019s adoption and advancing U.S.-based crypto innovation.<\/p>\n<h2 class=\"wp-block-heading\">Several ETF filings await approval<\/h2>\n<p>The Sei filing joins a growing queue of over 70 pending crypto ETF applications currently under SEC review.<\/p>\n<p>Asset managers including Bitwise, Grayscale, Franklin Templeton, and REX Shares have submitted requests for spot ETFs tied to XRP, Solana, Dogecoin, Cardano, Avalanche, Hedera, Litecoin, and Polkadot.<\/p>\n<p>According to Bloomberg ETF analysts Eric Balchunas and James Seyffart, Solana and Litecoin ETF proposals currently have the highest likelihood of approval at 90%, followed by XRP at 85%, and Dogecoin and Hedera at 80%.<\/p>\n<p>The surge in applications reflects shifting regulatory sentiment under the pro-crypto Trump administration, with Paul Atkins, a known industry ally, now chairing the SEC.<\/p>\n<p>The agency has already dropped several high-profile lawsuits and hosted public roundtables with crypto executives, signaling a more cooperative posture than seen under former Chair Gary Gensler.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/canary-capital-seeks-sec-approval-for-staked-sei-etf\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; A portion of the trust\u2019s holdings will be staked via third-party infrastructure providers. &#13; According to the filing, the ETF would offer direct price exposure to SEI, the native token of the Sei network. &#13; The Sei filing joins a [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":51655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51654"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51654"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51655"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}