Canary Capital registers Delaware trust for staked Sei ETF

The Cryptocurrency Crypto Capital asset manager recorded a statutory trust in Delaware for a marked ETF.

According to an input of April 23 on the website of the Delaware company division, the trust was officially deposited under the name of “Canary Etf ETF Trust”. This file represents the formal creation of a legal structure which could possibly have and manage the assets of the fund.

SEI is a network of blockchain of proof of assistance designed for high -speed trading applications. As of April 24, 2025, its native token, SEI, had a market capitalization of approximately $ 982 million. According to Stakingrewards.com data, SEI of Maponage data currently offers an annualized return of approximately 4.7%.

Confidence itself does not yet make the ETF negotiable. The next step will involve Canary Capital submitting an S-1 registration declaration to the S-1 form to the American securities commission and exchange. This file would describe the details of the proposed FNB, including the way it plans to put the SEI tokens and distribute rewards to investors.

Canary’s Trust Sei Trust comes just a few days after the company subject An S-1 Form to the SEC for an ETF Tron (TRX) marked on April 18.

Like the SEI proposal, the Fund TRX would contain occasional tokens and would take a game to generate additional return. This is a relatively rare decision in current deposits, because most transmitters generally do not seek approval to add stimulation only after the list of their ETF.

The approval of the SEC is required before the launch of the FNB and taking into account the agency prudent position During the markup, the process could take time. Previous efforts to include the milestone in crypto-classified FNBs in the United States have faced delays or withdrawals, although there was Renewed optimism under the current administration.

Since President Donald Trump took office earlier this year, the SEC has increased a sharp increase in ETF deposits linked to crypto. The regulator is currently examining a greater variety of proposals, including those linked to non -traditional assets such as NFT and mecoins.

Canary Capital was among the most active players in this changing environment. Beyond the products based on intention, the company recently deposited an ETF Follow -up of the fatty penguins ecosystemwhich would combine the exhibition at the Pingou governance token and the NFT of the project.

The other Canary deposits include FNB’s proposals for Solana (Sol), Ax (AXL), XRP and Sui (Sui).