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 Belief & Clearing Company (DTCC) platform.

The itemizing doesn’t represent approval by the US Securities and Alternate Fee (SEC). Nonetheless, it’s a important operational milestone and is commonly seen as a optimistic signal.

Canary’s Staked SEI ETF Joins DTCC Checklist

In line with DTCC information, the product at present seems underneath the “energetic and pre-launch” class. This classification signifies that the ETF is technically arrange for future digital buying and selling and clearing, pending approval by the SEC.

Canary’s Staked SEI ETF on the DTCC Checklist. Supply: DTCC Checklist of ETFs Lively and Pre-Launch

Importantly, the ETF can’t but be created or redeemed, which means it stays non-operational regardless of its inclusion in DTCC’s system. Nonetheless, the itemizing is a typical step within the ETF deployment course of, typically interpreted by market members as an indication of issuer confidence.

“DTCC handles the behind-the-scenes clearing and settling for many US shares and ETFs. That means this places the SEI ETF into the same old pipeline earlier than it exhibits up on brokerage platforms. As soon as the market sentiment turns round, SEI goes to be a giant runner,” an analyst famous.

Canary Capital filed an S-1 earlier this 12 months to introduce a staked SEI ETF. On the time, the SEC maintained a cautious stance towards staking mechanisms inside exchange-traded merchandise. The regulatory outlook has shifted now.

BeInCrypto reported that the US Treasury and Inside Income Service issued Income Process 2025-31, establishing a transparent safe-harbor framework for crypto ETFs and trusts wishing to have interaction in staking and distribute rewards to traders.

This process mandates strict situations, together with holding just one kind 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 property with out discretionary buying and selling.

Furthermore, these tips resolve prior tax ambiguities. This might doubtlessly pave the best way for SEC approval of staking-inclusive merchandise, such because the Canary’s SEI ETF.

In addition to Canary, Rex-Osprey has additionally filed for a staked SEI ETF. Lastly, 21Shares is in search of SEC approval for an ETF centered on the SEI. This displays broader institutional curiosity in gaining publicity to the Sei Community.

SEI Climbs in Internet Flows At the same time as TVL Suffers

In the meantime, this comes as Sei experiences robust capital motion. In line with Artemis Analytics, the community at present 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 famous that the altcoin is finishing one other falling-wedge cycle, arguing {that a} breakout may set off a 100–150% rally.

Nonetheless, on-chain information paints a extra complicated image. Figures from DefiLlama reveal a steep contraction within the community’s complete worth locked (TVL) throughout November, representing the most important decline in practically two years.

Roughly 1 billion SEI tokens have been unstaked, reflecting an accelerated price of person exits from the ecosystem.

Sei TVL Dip in November. Supply: DefiLlama

Thus, for now, the itemizing serves as a procedural however significant sign that the pathway towards institutional SEI publicity is starting to take form—towards 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 Resolution appeared first on BeInCrypto.