Canary Capital has filed a second amended S-1 registration statement with the U.S. Securities and Exchange Commission for its proposed Canary Staked SEI ETF. The updated filing, submitted on Sept. 15, states for the first time that about 90% of the fund’s SEI holdings would be used for staking. It also changes the custody structure from a dual-custodian setup involving BitGo and Coinbase Custody to sole custody by BitGo Trust Company. According to the filing details cited by CoinPost and summarized by Techub, the ETF is intended to list on Cboe BZX Exchange and would use creation units of 10,000 shares, with both cash and in-kind creations and redemptions supported. The document remains a pre-effective filing, and the SEC has not approved the product for listing. Key terms, including the staking reward rate, have not yet been finalized, and no launch date for trading has been disclosed.
Canary Capital on Sept. 15 submitted a second amended S-1 registration statement to the U.S. Securities and Exchange Commission for the proposed Canary Staked SEI ETF, according to CoinPost and a Techub summary.
The revised filing says for the first time that about 90% of the fund’s SEI assets would be allocated to staking. It also changes the custody arrangement from a dual-custodian model using BitGo and Coinbase Custody to sole custody by BitGo Trust Company.
Structure outlined in the amended filing
The ETF is planned for listing on Cboe BZX Exchange. Creation units would be baskets of 10,000 shares, and the product would support both cash and in-kind creations and redemptions.
The amendment is still a pre-effective filing. The SEC has not approved the ETF for listing, and details including the staking reward rate have not been determined. The timing of any formal trading debut also remains unclear.
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