Canary Capital Files Amended S-1 for Staking Sei ETF
JH Kim
Summary
- Canary Capital has filed an amended S-1 registration statement for an exchange-traded fund (ETF) that would hold spot Sei (SEI) and stake most of its assets.
- The amended S-1 says the ETF would directly hold spot SEI and plans to stake about 90% of its total holdings.
- The fund would incorporate rewards generated through staking into its operating structure, while BitGo would serve as the sole crypto custodian.
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Canary Capital, a crypto asset manager, has filed an amended S-1 registration statement for an exchange-traded fund that would hold spot Sei and stake most of its assets.
Cointelegraph reported on October 7 that the amended filing says the ETF would directly hold spot SEI and stake about 90% of its total holdings.
The fund would incorporate staking rewards into its operating structure.
BitGo will serve as the sole crypto custodian.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.