- Canary Capital filed for a Staked SEI ETF, combining market exposure and staking returns in one traditional-style product.
- The ETF application adds to Canary’s expanding crypto portfolio, including TRX, SUI, and Pudgy Penguins-related filings.
Canary Capital is back in the spotlight after filing an application to launch their latest crypto-based ETF, the Staked SEI ETF, in the state of Delaware.
This move not only underlines their ambitions in the digital asset sector, but also shows how the traditional financial world is opening up to products that were previously considered too “high-risk.” In this filing, Canary wants to combine the potential price of the SEI token and the returns from the staking mechanism into one investment package.
🚨 JUST IN: Canary Capital registers a Staked SEI ETF in Delaware!
This is MASSIVE for $SEI — institutional eyes are moving in #SEI #SEIETF pic.twitter.com/o4aHMdPpg6
— Crypto Patel (@CryptoPatel) April 24, 2025
How Canary Blends Staking With Traditional ETF Models
Furthermore, this ETF will not only track the market price of SEI, but also provide passive profits from staking. This is similar to owning a property that can increase in value, but also renting it out every month.
In the proposed structure, staking will be managed through an undisclosed third-party service provider, but it is believed to use a similar approach to the TRX ETF they previously filed for, with BitGo as the custodian.
On the other hand, this effort still has to go through approval from the SEC, which is notoriously cautious when it comes to staking.
Canary has been quite diligent. In addition to SEI, they have also filed for a TRX-based ETF that incorporates staking, and an ETF for the Sui token (SUI), making them the first SUI ETF pioneer in the US.
In fact, as we previously reported, NFT tokens like Pudgy Penguins (PENGU) are also on the radar, complete with an allocation structure between the token and its NFT assets. If you thought ETFs were only for stocks or precious metals, now is the time to think again.
A Crypto Fund That Plays Like a Hedge Strategy
Canary also has another weapon: the Canary Digital Fund. This is not an ETF, but a crypto investment fund that targets digital assets that are trading below their fair value. Imagine buying branded goods at a big discount, but you know the quality is still good.
This fund also uses short-term US bonds for cash management, making it sound like a hybrid of a hedge fund and a DeFi strategy. Steven McClurg, Canary’s CEO, is even optimistic that many of their ETFs will pass before the end of 2025, especially with the fresh regulatory winds under the new administration.
Overall, the Staked SEI ETF filing is a continuation of the larger pattern that Canary is trying to build. It’s not just about profit, but also how to align the traditional investment world with the ever-changing crypto space.
And if all goes well, it is not impossible that retail investors will one day have a crypto ETF that provides passive returns while they sleep soundly every night.
Credit: Source link
