Canary Capital is stepping up in the cryptocurrency world with a new move. The company has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) called the Canary Staked SEI ETF.

This ETF will allow individuals to invest in SEI, the native token of the Sei Network. It is not just a price tracker, it is more than that. It will also receive additional SEI tokens as rewards for staking them on the network. Staking includes locking up tokens to assist in powering the blockchain, and as a reward, tokenholders receive something. With this fund, investors get to collect that reward without much complication. The price of SEI has experienced an increase after this update of 3.67 within 24 hours, and currently it is trading at $0.2184 as per CoinMarketCap.

To protect the tokens, Canary has partnered with two reputable crypto custodians, BitGo and Coinbase Custody. This establishes trust, particularly among those who are new to investing in crypto.

More ETFs Are on the Way

While the ETF of this token is the latest move, Canary Capital is already working on other crypto ETFs. TRON (TRX) ETF is also one of the recent filings with the SEC. Just like the SEI fund, this one will track TRX’s price and earn rewards through staking.

Canary is also planning spot ETFs for some well-known crypto tokens:

Solana (SOL) – Known for fast and cheap transactions. It is a top choice for many new applications and games.

XRP – This is developed for fast and low fees payments at global level.

Sui (SUI) – A newer blockchain that is gaining attention for its speed and simple design.

Hedera (HBAR) – A distinct network that operates on Hashgraph, which is not a usual blockchain.

Pudgy Penguins (PENGU) – A fun meme coin based on a popular NFT project.

This wide mix shows that Canary is aiming at both serious investors and fans of fun, cultural tokens.

Why This Matters

These ETFs make it easier for everyday people to invest in crypto. Investors do not need a wallet, you don’t need to know how to stake, and you do not need to understand how blockchains work. It’s just like buying regular stock.

Also, “staked ETFs” are a new idea. They do not just follow the token’s price, they also help you earn more of the token over time. If this concept gains popularity, other companies may begin to provide ETFs such as these.

What's Next?

The most recent filing is SEI ETF, but the rest are pending approval from the SEC. There's no official date yet, but a few of these may become live by the end of 2025.

If approved, these ETFs could bring more money and interest into crypto, and help build trust with bigger investors. Canary Capital is clearly taking a lead role in bringing crypto to the masses.