Canary Capital – a company specializing in launching cryptocurrency investment funds – has officially filed with the U.S. Securities and Exchange Commission (SEC) to seek approval for the first exchange-traded fund (ETF) dedicated to SEI, the token of the Layer-1 Sei blockchain. Notably, this fund not only tracks the price of SEI but also integrates staking, promising to deliver double yields for investors.



What makes SEI special? Why is there an ETF being established?

$SEI is currently ranked 85th in cryptocurrency by market capitalization, belonging to the Sei ecosystem – a specialized Layer-1 blockchain optimized for decentralized finance (DeFi) applications and high-speed trading. Recently, the price of SEI rose more than 7% in 24 hours, trading around $0.225.


Canary Capital's choice of SEI as the subject for the next ETF fund is part of a series of moves to expand the altcoin ETF portfolio, after the firm has filed for funds based on Litecoin, Pengu, and Sui.



Highlight: SEI ETF integrates staking

Unlike traditional ETFs, the Canary Staked SEI ETF will include staking activities – meaning delegating SEI tokens to the network for transaction validation and earning rewards. This allows investors not only to track price fluctuations but also to grow their assets through staking rewards, a new and attractive aspect compared to conventional ETFs.


According to the SEC filing:



“The primary goal of the fund is to provide exposure to the price of SEI, and the secondary goal is to generate additional profits by participating in the validation process on the SEI network.”




Is the SEC easing up? Opportunity for altcoin ETFs?

The application #CanaryCapital at this time is not a coincidence. Under President Donald Trump – who is advocating for deregulation and supporting the crypto market – financial institutions have been bolder in seeking to expand their digital ETF portfolios.


Following the historic launch of the Bitcoin spot ETF in early 2024 and subsequent approval of Ethereum ETFs, many investment funds continue to submit applications for major altcoins like Solana, Dogecoin, and XRP. Although not yet approved, Canary's move reflects a belief that altcoin ETFs will be the next wave after Bitcoin and Ethereum.



Contact with the crypto market:

If approved, #ETFSEI staking will set a new precedent for digital asset funds: not only tracking prices but also participating directly in the blockchain network to create additional value. This could create a staking ETF trend for other Layer-1 tokens while boosting demand to buy SEI in the open market – especially among investors looking to gain exposure to crypto without having to manage wallets or manual staking.



Risk warning: The cryptocurrency market is highly volatile and not suitable for all investors. Investing in crypto ETFs – especially funds that integrate staking – still carries legal and technical risks. Please consider carefully and research before participating. #anhbacong