Canary Capital's Staked SEI ETF Filings Reveal Aggressive 90% Staking Allocation

Canary Capital has made significant changes to its Staked SEI ETF filing. The amended S-1 registration statement now reveals that the fund plans to stake an estimated 90% of its holdings, with BitGo serving as the sole custodian for the entire position.

The change from the original filing is substantial and introduces a more specific and aggressive staking allocation. This revised approach removes ambiguities around how and where assets are held.

The ETF will hold spot SEI and is expected to trade on Cboe BZX, with ticker and sponsor fees yet to be disclosed. The product aims to provide investors with direct exposure to SEI while generating staking returns on the majority of held assets.