Canary Capital has officially submitted Amendment No. 2 to the S-1 filing for its Staked SEI ETF. As outlined, the exchange-traded fund is set to directly hold spot SEI. Notably, this newest update introduces major modifications to the underlying staking mechanics. Under the revised framework, it is estimated that ~90% of the assets will be staked, and all holdings will be placed exclusively under the custody of @BitGo.