Canary Capital registers staked SEI ETF in Delaware amid growing institutional interest

Investment management firm, Canary Capital, has registered a staked SEI ETF in Delaware, anticipating launching the product, which aims to offer passive income through staking rewards, contingent on SEC approval.

Despite these developments, SEI faces significant market challenges, having decreased 70.3% over the past year, further impacted by an 8.3% drop in Total Value Locked (TVL), now at 382 million USD.