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|---|---|
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Category: CRYPTO NEWS
The post Canary Capital Takes Steps Towards Staked SEI ETF Amid Market Challenges and Institutional Interest appeared on BitcoinEthereumNews.com. Canary Capital’s recent registration of a statutory trust for a staked Sei (SEI) ETF marks a significant step toward creating innovative crypto investment products. As regulatory acceptance evolves, the potential for passive income through staking rewards could attract a broader spectrum of investors to the cryptocurrency market. “SEI isn’t just making promises—it’s taking action, and institutional players are beginning to pay attention,” noted a user on the social platform X. Canary Capital’s staked Sei ETF registration represents a pivotal move in crypto investments, offering potential passive income amidst market challenges for SEI. Staked SEI ETF in the Works: Canary Capital Registers Trust According to the official state website, the trust was registered on April 23 under file number 10171975. This milestone signals a growing interest in crypto ETFs, especially with the anticipated SEC regulatory developments. The registration comes shortly after the asset manager filed for a staked ETF based on Tron (TRX) on April 18. Canary is also pursuing ETF registrations for several other altcoins, including Pudgy Penguins (PENGU), Axelar (AXL), Solana (SOL), XRP (XRP), and more. This signals the firm’s broader push into crypto-based investment products. A potential Canary Staked SEI ETF would track the price of SEI like conventional ETFs, but with the added benefit of staking rewards. This structure could provide investors with passive income alongside market exposure. Notably, this feature has yet to be approved for any US spot crypto ETF. The SEC has historically been cautious about staking in ETFs. This is evidenced by last year’s withdrawal of several staking ETF proposals. Nevertheless, with a more pro-crypto administration in place, issuers are now making another attempt. Franklin Templeton submitted an S-1 in February to launch an SOL ETF with staking provisions. Moreover, the NYSE has also filed a request to the SEC on behalf of…
2025-04-24T08:45:10+00:00
https://bitcoinethereumnews.com/tech/canary-capital-takes-steps-towards-staked-sei-etf-amid-market-challenges-and-institutional-interest/?utm_source=rss&utm_medium=rss&utm_campaign=canary-capital-takes-steps-towards-staked-sei-etf-amid-market-challenges-and-institutional-interest