$SEI is waking up after a major ETF update.
Canary Capital has filed Amendment No. 2 for its Staked SEI ETF, with the proposed ETF holding spot $SEI and staking a significant portion of its holdings.
The latest filing says the ETF expects to stake around 90% of its SEI, with BitGo serving as the sole custodian.
The market reacted quickly.
$SEI is now around $0.055, up more than 23%, while 24h volume has surged above $86M.
This is another important step for institutional access to SEI, while also bringing staking yield into the ETF structure.
The ETF is not approved yet, but the updated filing shows that the structure is becoming more concrete.
After a long period of weak price action, $SEI finally has some serious momentum again.
$SEI #Sei #Crypto #ETF
Disclaimer: Personal views for informational purposes only. Not financial or investment advice.
Canary Capital has filed Amendment No. 2 for its Staked SEI ETF, with the proposed ETF holding spot $SEI and staking a significant portion of its holdings.
The latest filing says the ETF expects to stake around 90% of its SEI, with BitGo serving as the sole custodian.
The market reacted quickly.
$SEI is now around $0.055, up more than 23%, while 24h volume has surged above $86M.
This is another important step for institutional access to SEI, while also bringing staking yield into the ETF structure.
The ETF is not approved yet, but the updated filing shows that the structure is becoming more concrete.
After a long period of weak price action, $SEI finally has some serious momentum again.
$SEI #Sei #Crypto #ETF
Disclaimer: Personal views for informational purposes only. Not financial or investment advice.
