Canary Capital Seeks to Launch Staked SEI ETF with 90% Asset Staking
Canary Capital has filed an amendment for a proposed ETF that would stake 90% of its SEI holdings, pending regulatory approval.
Canary Capital has filed an amendment for a proposed ETF that would stake 90% of its SEI holdings, pending regulatory approval. Sei (SEI) is trading at $0.0692, up 0.5% since this brief published. This is an original TLT brief synthesising 2 outlets (Live Bitcoin News, TronWeekly), plus live market data, as of Thu, 08 Oct 2026 01:00:04 UTC.
This development could provide institutional investors with regulated access to SEI staking, potentially increasing demand and liquidity for the asset while offering a new yield-generating product. It also highlights the growing institutional interest in staking as a service.
- Canary Capital plans to stake 90% of its proposed SEI ETF assets.
- The ETF would use BitGo as custodian and hold spot SEI.
- SEI's market cap is $463.65M, with price down 4.19% in 24 hours.
- Total SEI staking TVL is $152.32M, down 2% over the past week.
Live Bitcoin News and TronWeekly both report that Canary Capital has filed an amendment for a staked SEI ETF that would hold spot SEI and stake approximately 90% of its assets, with BitGo as custodian. They agree that the proposal could expand regulated access to SEI if approved. However, while Live Bitcoin News emphasizes the fund's structure and BitGo's role, TronWeekly focuses more on the potential market impact and institutional implications of the ETF. No discrepancies in the core facts were found between the outlets.
Canary Capital has filed a second amendment to its registration statement for the proposed Canary Staked SEI ETF, which would hold spot SEI and stake approximately 90% of its assets. This development was reported by both Live 
Bitcoin News and TronWeekly.
The ETF would utilize BitGo as the custodian for the assets, according to the filing. This move comes as SEI attempts to establish a base and challenge key resistance levels, with the potential for increased institutional interest if the ETF is approved.
Multiple outlets corroborate that the proposal could expand regulated access to SEI, providing a new avenue for institutional investors to gain exposure to the asset. The staking component could also offer an additional yield-generating opportunity.
The total value locked in SEI staking is currently $152.32M, according to DeFiLlama, marking a 2% decrease over the past week. This suggests that while staking activity remains significant, it is experiencing a slight downturn.
In the broader market context, the total crypto market cap stands at $2.9T, with Bitcoin down 2.63% in the last 24 hours. The Fear & Greed Index is at 64, indicating a state of 'Greed'. SEI itself is trading at $0.068869, down 4.19% in the last 24 hours and 6.52% over the past week.
Since this brief published about 3 hours ago, Sei (SEI) has moved from $0.0689 to $0.0692 — +0.48%.
The chart plots SEI's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Over the past 24 hours SEI moved -3.5% while Bitcoin moved -2.5%. SEI has historically moved about 1.02× Bitcoin, implying roughly -2.6% today — so this is roughly what its usual link to Bitcoin would predict.
Beta computed by TLT from ~120 days of daily returns; context only, not advice.
Over the past 12 months, Sei (SEI) closed within 2.5% of today's $0.0692 on 22 separate days. Here is what the price did afterwards on those days — a historical base rate, not a forecast:
Computed by TLT from 12 months of daily closing prices. A base rate describes the past distribution of outcomes from similar price levels — it does not predict the future and ignores the specific news in this story. Crypto is volatile and past performance is not indicative of future results. Not financial advice.
At today's peer-to-peer rate, 1 SEI ≈ ₦94.48 (about $0.0692), down 3.5% over 24 hours. The naira itself trades about 2.6% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 8, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Canary Capital Seeks to Launch Staked SEI ETF with 90% Asset — questions & answers
What is the proposed staking percentage for the SEI ETF?
The ETF plans to stake approximately 90% of its assets.
Who would be the custodian for the proposed SEI ETF?
BitGo would serve as the custodian for the ETF's assets.
What is the current market cap of SEI?
SEI's market cap is $463.65M as of the latest data.
How much is 1 Sei worth in naira today?
About ₦94.48 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.0692. The naira price moves with both SEI's US-dollar price and the USDT/NGN rate; use our Sei in naira page for any amount.
Has Sei's price moved since this brief was published?
SEI is up 0.48% since this brief first published — trading at $0.0692 now versus $0.0689 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Live Bitcoin News, TronWeekly, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.