SEI is starting to turn heads again. The price is climbing, and now there’s fresh hype thanks to a new ETF filing. Canary Capital just submitted a Form S-1 to the U.S. SEC for something called the Canary Staked SEI ETF. If approved, it would let investors track SEI price and earn extra yield from staking, without needing to hold the token themselves. Cointelegraph broke the news on X.
Meanwhile, the SEI price is also heating up. It’s trading at around $0.2257, up nearly 8% in the last 24 hours. Trading volume has jumped close to 60%, which usually signals growing interest. With both the chart and the headlines lining up, many in the market are watching closely to see if this momentum can carry through May.
Canary Staked SEI ETF Filing Confirmed
The SEC filing, submitted on April 30, 2025, outlines the launch of a staked ETF product managed by Canary Capital Group. According to the document, this fund is designed to mirror SEI market price while also offering added yield from native staking rewards. The ETF structure could provide institutional and retail investors with exposure to the SEI ecosystem without managing private keys or direct token custody.
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JUST IN: Canary Capital has officially filed an S-1 for a Staked SEI ETF.The fund aims to track the price of $SEI while offering extra yield through participation in the network’s PoS mechanism. pic.twitter.com/mYNuwCgEy5
— Cointelegraph (@Cointelegraph) May 1, 2025
Steven McClurg, listed as the representative for Canary Capital, is overseeing the proposal. Legal representation is provided by Chapman and Cutler LLP. The ETF, if approved, would represent one of the first to combine staking rewards with price tracking in a regulated U.S. market.
SEI Price Technical Breakout on Daily Chart
The SEI chart shows a clear reversal from a prolonged downtrend that spanned from late 2024 into early 2025. The price structure formed a rounded bottom before reclaiming the $0.20–$0.25 support zone. Since then, SEI price has been rallying vertically.
A key resistance level is marked at $0.7480, which could act as the next price target. Support levels now rest around $0.45 and $0.25. The setup resembles a classic cup and handle breakout, typically interpreted as a strong continuation signal in technical analysis.
Image Source: X/Friedrich SEI Ecosystem Expansion and Market Sentiment
SEI’s rally is further supported by developments within its blockchain ecosystem. According to top analyst Friedrich on X, the SEI V2 upgrade introduced Ethereum Virtual Machine (EVM) compatibility, broadening developer access. The ecosystem also includes a $50 million fund supporting over 100 projects, with platforms like Yei Finance ($141M TVL), Dragonswap, and Silo Stake contributing to DeFi growth.
NFT and gaming adoption is also increasing. Projects like Seiyans and Double Jump are actively building in SEI’s infrastructure, supported by a $10 million creator fund. As a result, both technical and fundamental elements are currently aligned in favor of the SEI price trajectory.
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