According to BlockBeats report, on April 30, 2025, Canary Capital submitted an S-1 filing to the U.S. Securities and Exchange Commission, applying to launch the first SEI ETF in the United States. If approved, it will provide investors with a regulated investment channel.

The ETF generates returns by staking a portion of tokens, offering passive income to investors. Justin Barlow, Executive Director of the Sei Development Foundation, stated that this application is expected to attract more investors.

The Sei network, as a high-performance EVM-compatible blockchain, has advantages in the digital asset market, DeFi, DeSci, artificial intelligence, and gaming sectors due to its scalability and transaction parallelization architecture.