If you're still buying the headline every time an ETF amendment drops, stop now.
The last cycle taught us that FOMO into these filings is how you end up holding bags while the real move happens months later, if at all. Traders keep getting wrecked chasing $SEI pumps on regulatory paperwork that Wall Street treats like a slow-motion process.
Canary Capital just submitted a second amendment for a staked $SEI ETF, which is actually more interesting than the usual spot product because it would include yield. That's a step beyond what we got with Bitcoin and even $ETH, where staking was left out to keep regulators happy. We watched similar hype around other L1 filings that went nowhere, and Sei's smaller size means any approval wouldn't have the same institutional flood as the majors.
I've seen this movie before with every other filing that promised the moon. The first amendment was just the teaser and this second one is Canary trying to answer the SEC's comments, which doesn't mean approval is around the corner. $SUI has been quietly building without the ETF circus and that comparison is getting louder while we're sitting in greed.
Where do you think this actually goes if Canary keeps pushing, or is it just another filing that dies in committee?
#CanaryFilesSecondAmendmentForStakedSEIETF #EthereumSurpasses #SaylorHintsStrategyBitcoinBuy
The last cycle taught us that FOMO into these filings is how you end up holding bags while the real move happens months later, if at all. Traders keep getting wrecked chasing $SEI pumps on regulatory paperwork that Wall Street treats like a slow-motion process.
Canary Capital just submitted a second amendment for a staked $SEI ETF, which is actually more interesting than the usual spot product because it would include yield. That's a step beyond what we got with Bitcoin and even $ETH, where staking was left out to keep regulators happy. We watched similar hype around other L1 filings that went nowhere, and Sei's smaller size means any approval wouldn't have the same institutional flood as the majors.
I've seen this movie before with every other filing that promised the moon. The first amendment was just the teaser and this second one is Canary trying to answer the SEC's comments, which doesn't mean approval is around the corner. $SUI has been quietly building without the ETF circus and that comparison is getting louder while we're sitting in greed.
Where do you think this actually goes if Canary keeps pushing, or is it just another filing that dies in committee?
#CanaryFilesSecondAmendmentForStakedSEIETF #EthereumSurpasses #SaylorHintsStrategyBitcoinBuy
