TechFlow, May 1 — According to an official announcement from Sei, Canary Capital has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch the United States' first SEI-based exchange-traded fund (ETF). This ETF will offer institutional and retail investors direct exposure to staked SEI through a regulated, traditional, and accessible investment vehicle.
Once approved by the SEC, the ETF structure will deliver passive income via staking rewards. Similar to Canary Capital’s other cryptocurrency ETFs, the SEI fund will stake a portion of its spot holdings to generate additional yield, bringing key on-chain use cases into traditional finance.
Justin Barlow, Executive Director of the Sei Development Foundation, said: "ETFs continue to serve as gateways for broader adoption, providing a critical bridge between crypto and mainstream markets. This proposed ETF could open doors to wider participation for investors seeking institutional-grade performance with mainstream accessibility."
