Canary filed a revision to the SEI staking ETF proposal No. 2—still not time to buy yet
Canary has revised the S-1 again for its staking-type SEI ETF—this is Revision No. 2. Don’t read it as “it’s already available to buy.”
The concurrent statement from Sei is: for spot SEI, about 90% of assets will be used for staking, and custody will all be handled by BitGo. This is still changes being made to the registration documents, not SEC approval, and not an exchange listing notice.
The amendment can adjust the staking ratio up to 90%, or even dial it back again. Before it takes effect, those figures exist only on paper; once it actually goes live, what matters is whether the redemption window and the risk of forfeiture/penalties are clearly written into the prospectus. Submitting filings ≠ a market-open text message.
$SEI
Canary has revised the S-1 again for its staking-type SEI ETF—this is Revision No. 2. Don’t read it as “it’s already available to buy.”
The concurrent statement from Sei is: for spot SEI, about 90% of assets will be used for staking, and custody will all be handled by BitGo. This is still changes being made to the registration documents, not SEC approval, and not an exchange listing notice.
The amendment can adjust the staking ratio up to 90%, or even dial it back again. Before it takes effect, those figures exist only on paper; once it actually goes live, what matters is whether the redemption window and the risk of forfeiture/penalties are clearly written into the prospectus. Submitting filings ≠ a market-open text message.
$SEI
