Canary Capital Files Amendment for Staked SEI ETF, Plans to Stake 90% of Holdings
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Canary Capital plans to stake 90% of its proposed SEI ETF holdings, with BitGo as custodian, pending regulatory approval. Canary Capital has filed a second amendment to its registration statement for the proposed Canary Staked SEI ETF. According to Sei Network, the fund plans to hold spot SEI and stake approximately 90% of its assets. BitGo would serve as the sole custodian under the proposed structure. Meanwhile, SEI price remains under pressure despite renewed attention surrounding the ETF filing. Regulatory progress and investor demand will determine whether the proposed product gains traction.
Source: Live Bitcoin News
