#canaryfilessecondamendmentforstakedseietf 🚨 SEI ETF Just Upgraded — 90% Staking?!
The latest filing from the Securities and Exchange Commission (SEC) from Canary Capital proposed Staked SEI ETF makes it even more interesting for the market. 👀
The updated deposit says the fund plans to stake at least 90% of its holdings in SEI under normal market conditions. This means the ETF could earn native staking rewards for SEI, while giving investors exposure to SEI price movements.
🔹 90% or more of SEI will be staked
🔹 BitGo will act as the custodian
🔹 A proposal will be listed on Cboe BZX
🔹 Investors get exposure to SEI in addition to staking rewards
🔹 SEI price moves quickly while traders were trading the news
But keep in mind—this is not final approval. The SEC still needs to complete the registration process before the ETF can be launched.
This could be a step-by-step move toward the idea of providing institutional access to SEI.
🔥 Do you think a staking-supported SEI ETF could bring institutional interest to $SEI ?
Please follow up
#altcoins #etf #defi
$SEI
The latest filing from the Securities and Exchange Commission (SEC) from Canary Capital proposed Staked SEI ETF makes it even more interesting for the market. 👀
The updated deposit says the fund plans to stake at least 90% of its holdings in SEI under normal market conditions. This means the ETF could earn native staking rewards for SEI, while giving investors exposure to SEI price movements.
🔹 90% or more of SEI will be staked
🔹 BitGo will act as the custodian
🔹 A proposal will be listed on Cboe BZX
🔹 Investors get exposure to SEI in addition to staking rewards
🔹 SEI price moves quickly while traders were trading the news
But keep in mind—this is not final approval. The SEC still needs to complete the registration process before the ETF can be launched.
This could be a step-by-step move toward the idea of providing institutional access to SEI.
🔥 Do you think a staking-supported SEI ETF could bring institutional interest to $SEI ?
Please follow up
#altcoins #etf #defi
$SEI
