According to The Block, Canary Capital has submitted a second amended S-1 registration statement for its Staked SEI ETF. The filing says the fund would hold spot SEI and makes a substantial change to its staking structure. Based on the disclosed terms, roughly 90% of the ETF's assets are expected to be staked, while all assets would be held in custody by BitGo. The update centers on the product's spot SEI exposure, its revised staking setup, and the custody arrangement described in the amendment.
Canary Capital has filed a second amended S-1 registration statement for its Staked SEI ETF, according to The Block.
The filing says the ETF would hold spot SEI and includes a major adjustment to its staking mechanism. About 90% of the fund's assets are expected to be staked, and all assets would be custodied by BitGo.
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