Canary Capital submitted an S-1 sign up application for the SEI Spot ETF to the SEC.

[Canary Capital submits S-1 registration application for SEI Spot ETF to the US SEC] Late Wednesday, Canary Capital submitted an S-1 registration statement to the US Securities and Exchange Commission, planning to manage what could become the first Spot SEI ETF product in the US, which includes staking elements. The proposed fund aims to provide investors with direct exposure to the price of SEI, the native Crypto Asset of the Sei network, with assets being custodied by BitGo and CEX. The trust fund plans to stake a portion of its assets through one or more infrastructure providers, potentially providing additional returns for investors. Furthermore, the fund will handle the creation and redemption of shares in cash, similar to the existing structure of Spot Bitcoin and Ethereum ETFs in the US.