02 days ago, Canary Capital filed an S-1 with the SEC to register the first-ever SEI-based ETF in the US.
"The Trust’s investment objective is to seek to provide exposure to the price of SEI held by the Trust, less the expenses of the Trust’s operations and other liabilities," mentioned in the file.
Since the possibility of this filing is 50/50, this still proves 02 things:
+ SEI is becoming a more reliable asset, closer to the ETF standard
+ Institutions have started hunting for outstanding digital assets, and SEI is chosen