$SEI According to The Block, the investment firm Canary Capital has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to seek approval for the first spot ETF SEI in the U.S., with the special feature of integrating a staking mechanism to generate additional profits for investors.

Detailed Information:

  1. Fund Objectives:

    • Track the value of SEI token – the native token of the Sei Network blockchain (Layer 1 focused on digital asset transactions).

    • Staking a portion of assets through infrastructure providers, helping investors benefit from PoS rewards.

  2. Custodian:

    • BitGo and Coinbase Custody will take on the responsibility of asset custody.

  3. Transaction Mechanism:

    • Buy/sell with cash (cash creation/redemption), similar to existing Bitcoin/ETH spot ETFs.