Canary Capital Aims to Launch First Spot SEI ETF—With a Staking Twist

Wall Street’s latest crypto play: an SEI ETF that lets investors earn yield while they HODL. Because why settle for mere price appreciation when you can double-dip into staking rewards?

The fund’s staking feature—a first for spot ETFs—could force SEC regulators to confront the reality that crypto isn’t just an asset class, but an entire financial ecosystem. Cue the bureaucratic hand-wringing.

Bonus jab: Because traditional finance finally realized that 2% bond yields don’t cut it when blockchain offers 8% for clicking ’delegate.’

Canary Capital has been actively expanding its crypto ETF offerings, recently proposing funds linked to assets like Sui, Litecoin, Hedera, Pengu, and TRON — the latter also including a staking component.

In a related move, the Sei Foundation recently introduced the Sei Development Foundation, an initiative aimed at boosting the blockchain’s ecosystem and encouraging broader crypto adoption in the United States.