The U.S. SEC is currently reviewing the application for the Canary Spot Staked Sei ETF, submitted by Canary Capital. If approved, this ETF could enable institutional investments amounting to between $5 billion and $8 billion.
Currently, the SEI token is valued at $0.31 with a total market cap of $1.87 billion. Despite experiencing volatility, the anticipated ETF approval could invigorate trading activity and institutional engagement with SEI.
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