If you're still treating every altcoin ETF filing as guaranteed moon fuel, stop now.
This kind of news has burned traders who piled in on rumors only to watch the chart dump when the SEC delays again. You miss the real entry or get wrecked on the fakeout.
Canary just dropped a second amendment on their staked $SEI ETF filing. That's not nothing. It usually means they're responding to regulator feedback and tightening the structure, which is how $ETH staking products eventually moved forward.
The other side will say the SEC is still hostile to anything beyond $BTC and $ETH, and a smaller L1 like Sei has extra hurdles around staking rewards and custody. Fair point. But the filing itself shows real institutional appetite for yield-bearing alt exposure at a time when greed is already running hot.
I lean toward this being constructive rather than empty hype. It doesn't mean instant approval, but it does put $SEI on the radar of bigger money that previously ignored it.
What's your take on whether staked alt ETFs actually get through this cycle?
#CanaryFilesSecondAmendmentForStakedSEIETF #CircleLaunchesInstitutionalBTCBackedBorrowing #BitcoinHits
This kind of news has burned traders who piled in on rumors only to watch the chart dump when the SEC delays again. You miss the real entry or get wrecked on the fakeout.
Canary just dropped a second amendment on their staked $SEI ETF filing. That's not nothing. It usually means they're responding to regulator feedback and tightening the structure, which is how $ETH staking products eventually moved forward.
The other side will say the SEC is still hostile to anything beyond $BTC and $ETH, and a smaller L1 like Sei has extra hurdles around staking rewards and custody. Fair point. But the filing itself shows real institutional appetite for yield-bearing alt exposure at a time when greed is already running hot.
I lean toward this being constructive rather than empty hype. It doesn't mean instant approval, but it does put $SEI on the radar of bigger money that previously ignored it.
What's your take on whether staked alt ETFs actually get through this cycle?
#CanaryFilesSecondAmendmentForStakedSEIETF #CircleLaunchesInstitutionalBTCBackedBorrowing #BitcoinHits
