Canary Capital Shakes Up Crypto with Staked Sei ETF Filing!

Breaking News: Delaware Trust Registered for High-Speed Blockchain!

Hold onto your hats, crypto fans! Canary Capital just dropped a bombshell with a statutory trust filing in Delaware for a staked Sei ETF. That's right, they're diving deep into the fast-paced world of Sei, a blockchain built for speed!

What's the Deal with This Trust?

On April 23, the Delaware Division of Corporations website lit up with the official filing of the "Canary Staked SEI ETF Trust". This isn't just paperwork - it's the foundation for managing the fund's assets. It's like building the rocket before blasting off into the crypto stratosphere!

Sei: The Speed Demon of Blockchain

Sei isn't your average blockchain. It's a proof-of-stake beast designed for high-speed trading. And as of April 24, 2025, its SEI token is packing a market cap of about $982 million. Staking those SEI tokens? You're looking at a sweet 4.7% annual yield. Now that's some serious crypto fuel!

What's Next for Canary's Sei Adventure?

Don't get too excited just yet - this trust doesn't mean you can trade the ETF tomorrow. Canary Capital's got to submit a Form S-1 to the SEC next. That's where they'll lay out all the juicy details on how they plan to stake those SEI tokens and shower investors with rewards.

Canary's on a Staking Spree!

Get this - Canary just filed for a staked Tron (TRX) ETF on April 18! They're not messing around. Both the Sei and TRX funds will hold spot tokens and stake them for extra yield. It's a bold move in a market where most are waiting to add staking until after their ETFs are listed.

Will the SEC Give the Green Light?

The SEC's got to approve this before the ETF can take off, and they're pretty cautious about staking. It might take a while, especially with past staking ETF efforts hitting snags. But hey, there's new hope with the current administration!

Crypto ETF Mania Under Trump

Since President Donald Trump took the helm this year, the SEC's been flooded with crypto ETF filings. They're looking at all sorts of wild proposals, from NFTs to memecoins. It's a crypto party, and everyone's invited!

Canary Capital: The Crypto ETF Powerhouse

Canary's not just dipping their toes in - they're diving in headfirst. They've been filing left and right, from staking-based products to an ETF tracking the Pudgy Penguins ecosystem. That's right, they want to give you exposure to the PENGU governance token and those adorable NFTs!

Canary's Crypto ETF Wishlist

And that's not all, folks! Canary's got a whole list of ETF proposals, including Solana (SOL), Axelar (AXL), XRP, and Sui (SUI). They're on a mission to shake up the crypto world, one ETF at a time!