Canary Capital Files Staked SEI ETF Trust in Delaware

This move follows closely after Canary filed for a similar staked ETF for Tron (TRX) on April 18. The company is also exploring ETF filings for several altcoins, including Solana (SOL), XRP, Axelar (AXL), and even Pudgy Penguins (PENGU).

A staked SEI ETF would not merely track the price of the SEI token but also give staking rewards. This could give investors both price exposure and passive income. 

The SEC remains cautious about staking, as seen in past ETF rejections. Still, with a more crypto-friendly climate, asset managers are trying again. Franklin Templeton filed for a staking-enabled SOL ETF in February, while the NYSE recently submitted a request for Grayscale to add staking to its Ethereum ETF.

Although progress is being made, the SEC recently pushed its decision deadline to July 2025. So, Canary’s SEI ETF could face delays.

Interest in SEI continues to grow. World Liberty Financial has bought 5.9 million SEI tokens, boosting investor confidence. Meanwhile, the Sei Foundation is supporting U.S. growth with the launch of its Development Foundation on April 2.

Despite these efforts, SEI’s price has dropped 70% in a year. It now trades at $0.19.