Canary Capital Unveils Aggressive Staking Plan for Staked SEI ETF

Canary Capital's latest move in the staking space has taken center stage as it files Amendment No. 2 to its S-1 registration statement for a Staked SEI ETF.

The revised filing marks a significant shift from the original plan, with an estimated 90% of assets now slated for staking and BitGo named as the sole custodian.

This yield-bearing, staked crypto product will give investors direct exposure to SEI while generating staking returns on the majority of held assets.

Canary Capital has been building out a focused lineup with two active yield-bearing staked crypto products already on the market: TRXS and SUIS.