This transfer follows carefully after Canary filed for the same staked ETF for Tron (TRX) on April 18. The corporate can be exploring ETF filings for a number of altcoins, together with Solana (SOL), XRP, Axelar (AXL), and even Pudgy Penguins (PENGU).
A staked SEI ETF wouldn’t merely observe the value of the SEI token but additionally give staking rewards. This might give buyers each worth publicity and passive revenue.
The SEC stays cautious about staking, as seen in previous ETF rejections. Nonetheless, with a extra crypto-friendly local weather, asset managers try once more. Franklin Templeton filed for a staking-enabled SOL ETF in February, whereas the NYSE just lately submitted a request for Grayscale so as to add staking to its Ethereum ETF.
Though progress is being made, the SEC just lately pushed its determination deadline to July 2025. So, Canary’s SEI ETF might face delays.
Curiosity in SEI continues to develop. World Liberty Monetary has purchased 5.9 million SEI tokens, boosting investor confidence. In the meantime, the Sei Basis is supporting U.S. progress with the launch of its Growth Basis on April 2.
Regardless of these efforts, SEI’s worth has dropped 70% in a 12 months. It now trades at $0.19.
