Key highlights:
Asset manager Canary Capital is moving closer to launching its staked SEI ETF. The platform has recently filed another amendment that reveals plans to stake about 90% of the SEI held by the fund.
Canary Capital has filed Amendment No. 2 to its S-1 for a Staked SEI ETF.
The ETF will hold spot SEI. The new amendment substantially revises the staking mechanics, estimating ~90% staked, custodied solely in @BitGo. pic.twitter.com/bv8smJWyJS
— Sei (@SeiNetwork) September 20, 2026
Canary Capital’s staked SEI ETF moves closer to launch
Canary Capital has reportedly updated its filing for the proposed staked SEI ETF, marking a major step in its market debut. According to the latest amendment, the investment firm intends to stake around 90% of its SEI holdings.
Notably, Canary Capital’s staking plan allows the exchange-traded fund to earn rewards from its SEI holdings. It also gives investors indirect exposure to the SEI token through a traditional investment product. As noted by the platform, the fund will be listed on the Cboe BZX exchange if approved. While the staked assets will be held in custody exclusively by BitGo, Canary Capital hasn’t disclosed the ETF’s ticker and sponsorship fees.
Why is the SEI ETF including staking?
Previously, Canary Capital filed with the US Securities and Exchange Commission (SEC) to launch the SEI ETF, including a staking feature. This means that a part of the fund will be staked to earn additional rewards. Investors could buy and sell shares of the fund instead of directly holding or staking SEI tokens. It is also worth noting that the company had revealed in the original filing that BitGo and Coinbase were named as custodians.
The company filed its S-1 registration statement for the proposed staked SEI ETF on April 30, 2025. Later, the SEC acknowledged this filing on September 8, following which Canary Capital moved forward with the process.
Significantly, the staking feature would help the ETF earn additional rewards from the SEI tokens it holds. Instead of keeping the fund inactive, the SEI tokens could be staked on the Sei network and potentially earn staking rewards.
This is critical for investors as they could find an additional source of returns besides any price movement in the SEI token. It is also important that investors could access the SEI token and its staking rewards through the ETF without having to stake themselves.
Asset managers push for staked crypto ETFs
Interestingly, many asset managers are looking to add staking rewards to crypto ETFs. Besides Bitcoin and Ethereum, more altcoin ETFs are also waiting to enter the market, with staking remaining a major focus.
In addition to Canary Capital, 21Shares has also filed for a staked SEI ETF in August 2025. Other companies like Fidelity, 21Shares, Franklin Templeton, Grayscale, Bitwise, Canary Capital, VanEck, CoinShares, and Invesco Galaxy have also made efforts to launch staked crypto ETFs with exposure to the Solana token.
SEI token price soars 15% in a day
Canary Capital’s latest move in its vision to launch the staked SEI ETF has significantly pushed the Sei token price higher. As of press time, SEI is trading at $0.05516, up by about 15% in a day. The token has also seen notable upticks of 23% and 11% over the past week and month, respectively.
Thus, the current price performance of the token reveals that the staked SEI ETF amendment has been a major positive catalyst for the altcoin. This is further revealed by the 24-hour trading volume, which has moved up by about 72% to hit $103 million.
Source:: Canary Capital Moves Closer to SEI Staking ETF With 90% Stake Plan