Overview
- DTCC records show the Canary Staked SEI ETF classified as active and pre-launch, indicating operational readiness for future trading and settlement.
- The fund cannot be created or redeemed yet and remains non-operational until the Securities and Exchange Commission grants authorization.
- Revenue Procedure 2025-31 from the Treasury and IRS establishes a safe-harbor addressing custody, staking operations, and tax treatment for single-asset crypto ETFs.
- Rex-Osprey and 21Shares have filed SEI-focused products, signaling broader institutional interest in regulated exposure to the Sei Network.
- SEI’s setup shows mixed signals, with a Nov. 9 price spike linked to whale accumulation and Binance’s validator role followed by a pullback and reports of lower TVL with roughly 1 billion SEI unstaked.