DTCC Lists Canary’s Staked SEI ETF as Market Eyes SEC Decision
The Canary Staked SEI exchange-traded fund ETF has been formally registered on the Depository Trust & Clearing Corporation (DTCC) platform.
The itemizing doesn’t represent approval by the US Securities and Exchange Commission (SEC). Nonetheless, it’s a vital operational milestone and is usually considered as a optimistic signal.
Canary’s Staked SEI ETF Joins DTCC List
According to DTCC information, the product at the moment seems underneath the “lively and pre-launch” class. This classification signifies that the ETF is technically set up for future digital buying and selling and clearing, pending approval by the SEC.
Importantly, the ETF can not but be created or redeemed, that means it stays non-operational regardless of its inclusion in DTCC’s system. However, the itemizing is a standard step in the ETF deployment course of, typically interpreted by market individuals as an indication of issuer confidence.
“DTCC handles the behind-the-scenes clearing and settling for many US shares and ETFs. Meaning this places the SEI ETF into the standard pipeline earlier than it reveals up on brokerage platforms. Once the market sentiment turns round, SEI goes to be a giant runner,” an analyst noted.
Canary Capital filed an S-1 earlier this yr to introduce a staked SEI ETF. At the time, the SEC maintained a cautious stance towards staking mechanisms within exchange-traded merchandise. The regulatory outlook has shifted now.
BeInCrypto reported that the US Treasury and Internal Revenue Service issued Revenue Procedure 2025-31, establishing a transparent safe-harbor framework for crypto ETFs and trusts wishing to interact in staking and distribute rewards to traders.
This process mandates strict situations, together with holding just one sort of digital asset plus money, utilizing certified custodians for key administration, sustaining SEC-approved liquidity insurance policies, and limiting actions to holding, staking, and redeeming belongings with out discretionary buying and selling.
Moreover, these guidelines resolve prior tax ambiguities. This might doubtlessly pave the way in which for SEC approval of staking-inclusive merchandise, such as the Canary’s SEI ETF.
Besides Canary, Rex-Osprey has additionally filed for a staked SEI ETF. Lastly, 21Shares is searching for SEC approval for an ETF centered on the SEI. This displays broader institutional interest in gaining publicity to the Sei Network.
SEI Climbs in Net Flows Even as TVL Suffers
Meanwhile, this comes as Sei experiences sturdy capital motion. According to Artemis Analytics, the community at the moment ranks second in web flows over the previous 24 hours, with inflows making up the bulk. This pattern means that traders are rotating into SEI regardless of broader market volatility.
Analysts are additionally more and more optimistic about SEI’s worth potential. ZAYK Charts noted that the altcoin is finishing one other falling-wedge cycle, arguing {that a} breakout might set off a 100–150% rally.
However, on-chain knowledge paints a extra advanced image. Figures from DefiLlama reveal a steep contraction within the community’s complete worth locked (TVL) throughout November, representing the biggest decline in almost two years.
Approximately 1 billion SEI tokens have been unstaked, reflecting an accelerated fee of person exits from the ecosystem.
Thus, for now, the itemizing serves as a procedural however significant sign that the pathway towards institutional SEI publicity is starting to take form—in opposition to a backdrop of each recovering inflows and lingering challenges inside the community.
The publish DTCC Lists Canary’s Staked SEI ETF as Market Eyes SEC Decision appeared first on BeInCrypto.
