CANARY CAPATAL investment manager has registered the authorized trust for the SEI (ETF) exchange rate in DelawareField This marks the initial step to launch the product.
To continue, the company is now likely to submit an application for registration of S-1 to the US Securities and Exchange Commission (SEC).
Stoked SEI ETF in the work: Canary Capital Registers Trust
According to the official state website, the trust was registered on April 23 in accordance with the file number 10171975.
Registration arrives shortly after the assets manager filed on the stadium ETF based on Tron (TRX). Canary also haunts ETF registration for several other altcoins, including puffy penguins (Pengu), Axelar, Solana (SOL), XRP (XRP) and more. This signals a wider promotion of the company in investment products based on crypto.
The potential Canary Steked SEI ETF will track the SEI price as ordinary ETFs, but with an additional advantage of bringing rewards. This structure can provide investors with passive income along with market impact. It is noteworthy that this function is not yet approved for any American Spot Crypto ETF.
SEC is historically careful with the fact that it fell into ETF. This is evidenced by the departure of last year’s several offers of ETF. Nevertheless, thanks to the more premary administration, issuers are now making another attempt.
Franklin Templeton introduced S-1 in February to launch SOL ETF with the provisions. Moreover, NYSE also submitted a request to the SEC on behalf of gray, striving to approve, to add an Ethereum (ETH) ETF rate.
Nevertheless, according to Beincrypto, the regulator extended the deadline for decision -making from April 17 to July 2025. Thus, the SEC reluctance about the green light of such products suggests that the ETF Canary Capital may encounter a long -term consideration process.
Although the statement remains uncertain, registration occurs against the background of the growing institutional interest in the SEI, emphasized by the accumulation of World Liberty Financial (WLFI). According to Arkham Intelligence, the Defi project, supported by President Trump, scored 5.9 million SEI worth about 1.1 million dollars. USA, which caused optimism regarding its potential.
“SEI is not just promises – it takes action, and institutional players begin to pay attention,” the user wrote on X.
Meanwhile, the SEI Foundation is also working on strengthening its presence in the United States, launching the Development Sei Foundation on April 2. This initiative is aimed at contributing to the growth and visibility of the SEI protocol, providing critical support for developers and builders within its ecosystem.
Despite the events, the SEI token ran into difficult time in the market. Over the past year, Altcoin depreciable 70.3%. Moreover, the data of Beincrypto showed that over the last day they have fallen by 3.2%. During the press, SEI was trading at 0.19 dollars.
In accordance with its valuable struggle, the total cost of SEI has recently survived the decline. DEFILAMA data showed that after reaching a record high level (ATH) last week, the indicator fell by 8.3%. At the time of writing, TVL amounted to 382 million dollars.
