The Canary Staked SEI exchange-traded fund ETF has been formally registered on the Depository Belief & Clearing Company (DTCC) platform.
The itemizing doesn’t represent approval by the US Securities and Change Fee (SEC). Nonetheless, it’s a important operational milestone and is commonly seen as a constructive signal.
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Canary’s Staked SEI ETF Joins DTCC Checklist
Based on DTCC data, the product at present seems below the “lively and pre-launch” class. This classification signifies that the ETF is technically set up for future digital buying and selling and clearing, pending approval by the SEC.
Importantly, the ETF can’t but be created or redeemed, which means it stays non-operational regardless of its inclusion in DTCC’s system. Nonetheless, the itemizing is a standard step in the ETF deployment course of, usually interpreted by market individuals as an indication of issuer confidence.
“DTCC handles the behind-the-scenes clearing and settling for many US shares and ETFs. That means this places the SEI ETF into the standard pipeline earlier than it reveals up on brokerage platforms. As soon as the market sentiment turns round, SEI goes to be a giant runner,” an analyst noted.
Canary Capital filed an S-1 earlier this yr to introduce a staked SEI ETF. On the time, the SEC maintained a cautious stance towards staking mechanisms within exchange-traded merchandise. The regulatory outlook has shifted now.
BeInCrypto reported that the US Treasury and Inner Income Service issued Income Process 2025-31, establishing a transparent safe-harbor framework for crypto ETFs and trusts wishing to interact in staking and distribute rewards to traders.
This process mandates strict circumstances, together with holding just one kind of digital asset plus money, utilizing certified custodians for key administration, sustaining SEC-approved liquidity insurance policies, and limiting actions to holding, staking, and redeeming belongings with out discretionary buying and selling.
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Furthermore, these guidelines resolve prior tax ambiguities. This might doubtlessly pave the way in which for SEC approval of staking-inclusive merchandise, such because the Canary’s SEI ETF.
Apart from Canary, Rex-Osprey has additionally filed for a staked SEI ETF. Lastly, 21Shares is in search of SEC approval for an ETF targeted on the SEI. This displays broader institutional interest in gaining publicity to the Sei Community.
SEI Climbs in Web Flows Whilst TVL Suffers
In the meantime, this comes as Sei experiences robust capital motion. Based on Artemis Analytics, the community at present ranks second in internet flows over the previous 24 hours, with inflows making up the bulk. This development means that traders are rotating into SEI regardless of broader market volatility.
Analysts are additionally more and more optimistic about SEI’s value potential. ZAYK Charts noted that the altcoin is finishing one other falling-wedge cycle, arguing {that a} breakout may set off a 100–150% rally.
Nonetheless, on-chain knowledge paints a extra complicated image. Figures from DefiLlama reveal a steep contraction within the community’s complete worth locked (TVL) throughout November, representing the biggest decline in practically two years.
Roughly 1 billion SEI tokens have been unstaked, reflecting an accelerated charge of person exits from the ecosystem.
Thus, for now, the itemizing serves as a procedural however significant sign that the pathway towards institutional SEI publicity is starting to take form—in opposition to a backdrop of each recovering inflows and lingering challenges inside the community.