Canary Capital Files SEC Approval Application for First SEI ETF Featuring Staking Capabilities

Canary Capital has announced its filing for SEC approval of the first Sei exchange-traded fund (ETF) featuring staking capabilities as of May 1st, 2025. This significant move signals a shift in cryptocurrency investment options by incorporating staking elements into an ETF structure, potentially enhancing returns and garnering market attention.

The proposal highlights Canary Capital’s strategic intent to merge staking capacities within crypto-based ETFs, marking a substantial step forward in broadening investment opportunities within the digital asset landscape. In doing so, this move aligns with emerging trends in cryptocurrency financial products.

As part of the filing, BitGo and Coinbase have been entrusted as custodians to ensure secure management of SEI tokens. This fund aims to capitalize on direct token holding, departing from derivative-based models by mirroring similar new crypto financial instruments.

“This landmark filing represents a significant milestone in the cryptocurrency ETF landscape, potentially offering investors both direct price exposure to SEI tokens and additional yield through staking rewards,” states Canary Capital’s Executive Team, Canary Capital ETF.com.

This development offers retail and institutional investors alike with an innovative avenue for digital asset price exposure and yield opportunities. By holding actual tokens, it may draw a broader range of investors seeking tangible value.

The proposed ETF closely replicates successful models used by Bitcoin and Ethereum funds, which may promote wider acceptance of such financial instruments. Regulatory easing under recent policy changes could also pave the way for innovative crypto solutions.

Institutional Demand Spurs Cryptocurrency Evolution

Source: https://www.kanalcoin.com/canary-capital-sei-etf-staking/